Quarterly Industry Review - November 2021

Analysis of Indian Technology industry performance during the quarter ending September 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 growth expectations continue to remain positive for 2021 despite the uncertainty around some of the regions from the pandemic.
Technology spend growth expectations continue to improve on the expectation of growth across both enterprise software and IT services.

Revenue growth remained positive, increasing 4.5% Q-o-Q, as demand continued to grow. Y-o-Y growth also resumed this quarter.
Digital revenues maintained an uptrend increasing at 10.2% sequentially.

All regions as well as verticals registered a growth in revenues sequentially as well as on y-o-y basis.

Fixed price revenue share declined to 54.8; Client metrics continued to improve in line with the demand recovery.

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