Bangalore IT service Companies such as Tata Consultancy Services Limited, Infosys Limited, HCL Technologies Limited and Wipro Limited are maintaining their revenue growth momentum for the next few quarters as there is a continuous demand of digital technologies like cloud and data, analytics, artificial intelligence (AI), Internet of Things (IoT), 5G and cyber security.

Tier-1 services firms posted 2.6-6.9 percent sequential dollar revenue growth in the September quarter, while tier-2 companies posted 6.1-12.8 percent sequential growth during the quarter.

Emkay research analyst says, the earnings momentum seen in the first half of the economic year was driven by widespread long-term demand trends, sound transaction acquisitions, and continued growth in large transactions in the second half and it is expected to continue.

Perhaps in September quarter, clients were suggested to complete digital transformation projects in a short time period instead of signing subsequent large-scale and long-term contracts.

TCS signed a $7.6 billion transaction in the second quarter of 2010 and that’s below $ 8.1 billion in the first quarter. Infosys deal consumption was $ 2.2 billion in the second quarter, compared to $ 2.6 billion in the first quarter. Wipro’s huge deal win settled from $ 715 million in the first quarter to $ 580 million. HCL is exceptional to the second-quarter TCV rise to $ 2.2 billion, compared to $ 1.66 billion in the first quarter.

Infosys is raising revenue growth guidance from the previous 14-16 percent guidance to 16.5-17.5 percent in constant currency; perhaps HCL Tech has maintained FY22’s double-digit growth guidance. Wipro is looking forward that it would drive two to four percent continuous growth in the third quarter and achieve double-digit intrinsic revenue growth in 2010.

Salil Parekh, CEO and MD, Infosys says, “as we end the third quarter and start entering the fourth quarter, we will start to have a good idea of what the next fiscal year will look like. My own understanding is that the demand we have is very broad and it will certainly continue to help us as we build new capabilities well and become part of our customers’ digital and cloud journeys.”