QUARTERLY INDUSTRY REVIEW – March 2022

Analysis of Indian Technology industry performance during the quarter ending December 2021. This analysis is based on the quarterly results declared by the top listed India-centric Technology companies which comprise over 46% of the industry.

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Key Findings

Global Economy and Technology Spending

Global growth expectations continue to remain positive for 2022, though relatively muted to 2021 as countries reimposed mobility restrictions owing to the new Omicron COVID-19 variant spread.
Technology spend growth expectations continue to remain upbeat as economic recovery with high expectations for digital market prosperity will continue to push technology investments.

Technology Industry Performance

Revenue growth remained positive, increasing 4.1% Q-o-Q, as demand continued to grow.
Digital revenues maintained an uptrend increasing at 10.6% 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 increased to 55.6%
Client metrics continued to improve as the demand continued the growth trend

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