India IT Services Check - Cloud Revenue Growth Normalisation Sets In: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Cloud continues to be a key demand driver as noted by all IT services companies and hyperscalers in their recent earnings call. Amid demand uncertainty, cloud offers the best option to shape spends as organisations don’t need to invest upfront in their own data centre for expanding existing services or launching new ones. They can leverage scalable cloud architecture to align their capacity with demand and thus reduce their capex costs. Though cloud revenues of hyperscalers are growing at healthy double digits, the growth has been decelerating for past two quarters. All the three key hyperscalers – AWS, Azure and Google – reported deceleration in YoY growth in Q2 CY22..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India IT Services Check - Cloud Revenue Growth Normalisation Sets In: ICICI Securities

India IT Services Check - Cloud Revenue Growth Normalisation Sets In: ICICI Securities

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