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Quarterly Industry Review March - 2022

March 9, 2022 4002 0 nasscom insights

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 HighLights : 

  • 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

Find the full report at NASSCOM Website.

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