IT Services Sector Scorecard Q1 2021 Update – Thematic Research
- Pages: 13
- Published: June 2021
- Report Code: GDTMT-TR-R318
IBM and Accenture may sit on the top of the thematic screen in GlobalData’s IT services sector scorecard, but the real story is the dominance of Indian vendors. Five of the top 10 companies on the list are headquartered in India (Infosys, HCL Technologies, Wipro, Tata Consultancy Services (TCS), and Tech Mahindra). Also in the top 10 is Cognizant, headquartered in the US but, with 70% of employees based in India, is commonly described as an Indian provider.
This sector scorecard provides a top-down, comprehensive outlook for the key players in the IT services sector over the next two years, based on the key themes set to transform their industry landscape.
A key reason for the strong position of these companies is how well they have weathered the COVID-19 storm. The initial signs did not look good, with Infosys announcing on 20 April 2020 that it was suspending its traditional practice of providing revenue guidance for the next fiscal year due to uncertainty caused by the pandemic. However, the situation improved markedly as the year went on. Wipro, for example, reported that its profit margin for the three months to the end of December 2020 was its highest for 22 quarters.
Reasons to buy
Companies that invest in the right themes become success stories; those that miss the big themes end up as failures. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders that invade your sector.
To help our clients gain a competitive advantage, we have developed GlobalData’s thematic research ecosystem. This single, integrated global research platform provides an easy-to-use framework for tracking all themes across all companies in all sectors.
This report is a sector scorecard, which identifies those companies most likely to succeed in a world filled with disruptive threats.
Tata Consultancy Services
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Table of Contents
IT services sector scorecard