Ramp-up of large deals won in the recent quarters, increased traction in digital services and ongoing recovery in verticals such as travel, hospitality and manufacturing would aid revenue growth. Tier-1 IT firms are estimated to see sequential organic revenue growth of 2-4% in constant currency terms. Further, the FY22 revenue growth outlook is also likely to be strong in double digits for TCS, Infosys and HCL Tech. Infosys, which gives an annual revenue guidance, is expected to marginally increase the target it had set three months ago. View Full Image Counting the costWhile robust revenue growth could translate into revenue upgrades, decline in operating margins could keep earnings revisions under check.

Source: Mint July 05, 2021 16:52 UTC