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Quarterly Industry Review November-2021

November 23, 2021 2507 0 nasscom insights

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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  • Global Economy and Technology Spending
    • 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.
  • Technology Industry Performance
    • 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.
  • Performance by Regions and Verticals
    • All regions as well as verticals registered a growth in revenues sequentially as well as on y-o-y basis.
  • Other Operational Metrics
    • Fixed price revenue share declined to 54.8; Client metrics continued to improve in line with the demand recovery.

Find the full report at NASSCOM Website.

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