Q2 results: Digital fuels double-digit growth in IT services companies

The second-quarter performance of the Indian IT services players across the segment was strong with disciplined margin management. With a strong deal pipeline, analysts expect growth momentum in the industry to continue for the next two quarters.

Tier-I players managed to keep the sequential growth number (in US dollars) above 4.5 per cent with the majority of them delivering a strong performance in revenue.

Tier-II players too managed to grow faster and higher than street expectations, with growth being above 6.5 per cent on a constant currency basis (sequential).

“We believe that the IT sector has strong structural growth drivers