CLSA ON IT SERVICES : 27.05.2021
* CLSA notes the strong demand outlook for IT services space, has mixed views on execution.
* CLSA is positive on the IT services sector with a bias for scale players
* Strong Demand Outlook; Mixed Views On Execution* In Near-term, TCS Does Not See Any Impact From Second Wave
* HCL Indicated Delayed In Deal Ramp-ups & Productivity Loss
* Both Co Exuded Confidence On Margin Management We Believe Demand Strength Is The Key
* Remain Positive On The Sector With A Bias For Scale Players
