External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Thematic (Sector/Industry)

<ul><li>Disappointing revenue growth: Most IT companies have reported disappointing revenue growth in Q4FY24, indicating subdued demand from the world’s largest economies.</li><li>The Indian IT Services sector does not foresee a quick recovery in discretionary spending due to uncertainty in macroeconomic factors.</li><li>Revenue growth from North America continues to lag behind Europe for Tier-1 tech companies, similar to recent quarters. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disappointing revenue growth: Most IT companies have reported disappointing revenue growth in Q4FY24, indicating subdued demand from the world’s largest economies.The Indian IT Services sector does not foresee a quick recovery in discretionary spending due to uncertainty in macroeconomic factors.Revenue growth from North America continues to lag behind Europe for Tier-1 tech companies, similar to recent quarters. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Despite the delay in automation spending( specially from North America), deal wins remained strong during the quarter.</li><li>Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term visibility.</li><li>The attrition rate has dropped as we see some easing on the supply side constraints. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite the delay in automation spending( specially from North America), deal wins remained strong during the quarter.Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term visibility.The attrition rate has dropped as we see some easing on the supply side constraints. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IT Services: Q3FY24 Review – Hits & Misses

<ul><li>Samvat 2079 proved to be an intriguing year for the Indian equity market, characterized by notable volatility in the first half.</li><li>Several factors contributed to this turbulence, including a) A hawkish central bank view on the interest rates, b) Rising bond yields, c) Rising Covid-19 cases in China towards the end of 2022, d) Imposition of lockdowns in the Chinese economy, e) Union budget-related developments, and f) Other macroeconomic challenges.</li><li>These occurrences collectively subdued market performance in the first half of Samvat. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samvat 2079 proved to be an intriguing year for the Indian equity market, characterized by notable volatility in the first half.Several factors contributed to this turbulence, including a) A hawkish central bank view on the interest rates, b) Rising bond yields, c) Rising Covid-19 cases in China towards the end of 2022, d) Imposition of lockdowns in the Chinese economy, e) Union budget-related developments, and f) Other macroeconomic challenges.These occurrences collectively subdued market performance in the first half of Samvat. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equity Bottom-Up

<ul><li>Demand Outlook: Demand among OEMs is increasing as they recognise the need to catch up quickly with better quality and faster validation processes.</li><li>AI-driven validation solutions remain a key priority for OEMs.</li><li>Deal Wins/Pipeline: Deal wins have grown strongly (~20% on a TTM and YoY basis), driven by factors such as reprioritisation of existing programs and rising demand for more efficient, solution-based delivery.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Demand Outlook: Demand among OEMs is increasing as they recognise the need to catch up quickly with better quality and faster validation processes.AI-driven validation solutions remain a key priority for OEMs.Deal Wins/Pipeline: Deal wins have grown strongly (~20% on a TTM and YoY basis), driven by factors such as reprioritisation of existing programs and rising demand for more efficient, solution-based delivery.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KPIT Technologies Ltd - Mix Bag Performance; Revenue Visibility Ahead

<ul><li>Robust Growth Across Verticals: The management has highlighted robust and broad-based growth across various verticals, supported by a solid deal pipeline and enhanced client engagement.</li><li>Europe led growth, followed by the US and Asia, with strong traction in Powertrain, Connected Vehicles, and SDVs (SoftwareDefined Vehicles).</li><li>Total Contract Value (TCV) Performance: Total Contract Value (TCV) for Q3FY25 stood at $236 Mn, with significant contributions from Europe and the US, reflecting higher deal conversion rates and increased client confidence in KPIT’s capabilities.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Robust Growth Across Verticals: The management has highlighted robust and broad-based growth across various verticals, supported by a solid deal pipeline and enhanced client engagement.Europe led growth, followed by the US and Asia, with strong traction in Powertrain, Connected Vehicles, and SDVs (SoftwareDefined Vehicles).Total Contract Value (TCV) Performance: Total Contract Value (TCV) for Q3FY25 stood at $236 Mn, with significant contributions from Europe and the US, reflecting higher deal conversion rates and increased client confidence in KPIT’s capabilities.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KPIT Technologies Ltd - Resilient Performance in Action

India

KPIT Technologies Limited is a global technology company specializing in software solutions for the automotive and mobility industry. The company provides embedded software, artificial intelligence, and digital solutions, focusing on next-generation technologies like autonomous driving, electric mobility, connected vehicles, and vehicle diagnostics. Headquartered in Pune, India, the company was founded in 1990.

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KPIT Technologies (KPITTECH IN)

Top Sector Ideas - IT Services (Q4FY24)

Disappointing revenue growth: Most IT companies have reported disappointing revenue growth in Q4FY24, indicating subdued demand from the world’s...

Axis Direct

IT Services: Q3FY24 Review – Hits & Misses

Many Indian IT service companies sees the demand for new edge technology like generative AI, IoT Machine learning etc despite the lack of near-term...

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Diwali Muhurat Picks SAMVAT 2080

Samvat 2079 proved to be an intriguing year for the Indian equity market, characterized by notable volatility in the first half.

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KPIT Technologies Ltd - Mix Bag Performance; Revenue Visibility Ahead

Demand Outlook: Demand among OEMs is increasing as they recognise the need to catch up quickly with better quality and faster validation processes.

Axis Direct

KPIT Technologies Ltd - Resilient Performance in Action

The management has highlighted robust and broad-based growth across various verticals, supported by a solid deal pipeline and enhanced client...

Axis Direct

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