Quarterly Industry Review-March 2018

Analysis of Indian IT-BPM industry performance during the quarter ending December 2018. This analysis is based on the quarterly results declared by the top listed India-centric IT-BPM companies which comprise over 46% of the industry.

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Key Findings

2017 witnessed improvement in world economic growth, IMF projects India to grow at 7.4% in 2018 – Fastest growing economy globally

In a seasonally soft quarter sector revenues remained weak at 1.8 per cent Q-o-Q and 9.9 per cent Y-o-Y in Q3FY2018. Net margins remained weak affected by furloughs and negative impact of foreign exchange movement

Digital revenues share in total revenues have been growing consistently over the quarters accounting for nearly 24 per cent during this quarter, indicating that digital continues to be the topmost agenda for both customers and service providers

During the quarter growth remained soft in the US, but was strong in Europe as it sees increased outsourcing. Retail and healthcare key growth verticals during the quarter,

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