Topics In Demand
Notification
New

No notification found.

Quarterly Industry Review – March 2023

March 22, 2023 1715 0 nasscom insights

Quarterly Industry Review – March 2023

Analysis of the Technology industry performance during the quarter ending December 2022. This analysis is based on the quarterly financial results declared by the top listed Technology companies. The report covers a brief analysis on the performance of Indian technology companies, pure-play BPM companies, pure-play ER&D companies, Global tech companies and Start-ups.

1715

0

Download

Key Highlights

  • Global Economy and Technology Spending
    • As per IMF’s January 2023 estimate, Global GDP is expected to increase by 2.9% in 2023 (0.2% higher than October estimates) indicating optimistic outlook and better resilience across many economies.
    • According to Gartner’s projections (as of January 2023), global technology spend1 growth is expected to witness a y-o-y growth of 4.5% in 2022, a decline compared with their previous projections of 5.6% (as of October 2022).
       
  • Indian Technology Industry Performance
    • Revenues grew +2.0% q-o-q. On a y-o-y basis, revenue grew around 7.7% in reported currency terms.
    • Among geographies, EMEA was up 6% but its trajectory remains unsure for the coming quarters. Revenues for most verticals grew sequentially. BFSI grew at a slower rate while Manufacturing and Telecom picked up well this quarter.
       
  • Indian Pureplay BPM & ER&D Trends
    • Pure-play BPM revenues grew at +0.1% q-o-q, impacted by inflation and other macroeconomic factors around the globe.
    • Attrition dropped considerably this quarter as prevailing supply side issues are being resolved.
       
  • Global Technology Companies Trends
    • Revenues for select set of global companies increased by 11.6% q-o-q and 4.2% y-o-y.
    • Employee additions remained stable with a slight increase of 0.8% q-o-q.
       
  • Start-up Trends
  • Revenues have increased significantly, growing by 13% q-o-q and 34% y-o-y.
  • Profits for two-thirds of new-age listed start-ups increased by more than 50%.

Find the full report at NASSCOM Website.

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.