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QUARTERLY INDUSTRY REVIEW-June 2022

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Analysis of Indian Technology industry performance during the quarter ending March 2022. This analysis is based on the quarterly results declared by the top listed India-centric Technology companies which comprise over 46% of the industry.

Key Findings

Global Economy and Technology Spending
  • Rising fears of global slowdown amidst the Ukraine war is being seen in relatively muted growth expectations of Global GDP and technology spending for 2022 compared to last quarter.
  • Technology spending is expected to maintain its growth trend (though relatively muted compared to last year), driven by analytics, cloud computing, seamless customer experiences and security.
Technology Industry Performance
  • Revenue growth remained positive, increasing 2.2% Q-o-Q, as  demand continued to accelerate.
  • Digital revenues maintained an uptrend increasing at 1.9% sequentially.
Performance by Regions and Verticals
  • All regions registered growth in revenues, both sequentially and annually.
  • Similar trend was seen across verticals which registered growth both sequentially as well as annually.
Other Operational Metrics
  • Fixed price revenue share declined to 54.3%.
  • Client metrics continued to improve as the demand continued the growth trend

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