Top tier IT cos likely to accelerate revenue growth in April-June

Chennai: A rise in overall IT spending post the pandemic and digital transformation opportunities for Indian IT, especially in the outsourcing segment, has set the tone for a standout earnings season in the April-June quarter. Industry trackers expect top tier IT services companies to accelerate the growth momentum and post revenue growth in double digits. Analysts tracking the sector believe that global IT giant Accenture’s stand-out performance last week further reaffirms the view that large IT companies are likely to beat street estimates in April-June with healthy deal wins. But the sector needs to keep a check on rising attrition and employee costs, both of which are likely to put a pressure on profitability, they added.