Motilal Oswal - MOSL: TECHNOLOGY 1QFY20 Preview-Margin resilience put to test; Revenue momentum not thwarted yet

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Motilal Oswal

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MOSL: TECHNOLOGY 1QFY20 Preview-Margin resilience put to test; Revenue momentum not thwarted yet

Technology 1QFY20 Preview: Margin resilience put to test; Revenue momentum not thwarted yet

Demand traction remains intact

For 1QFY20, we expect our coverage universe's revenue /EBITDA / PAT to grow 11% / 9% / 4%.
The order book going into the quarter, the velocity of deal signings, the early indicators from Accenture's earnings report and the commentaries by our coverage universe all indicate that there is no visible slowdown in demand just yet.
There are pockets of portfolios - such as capital markets, regional small banks and automotive - facing challenging demand conditions. However, these are likely to drive only marginal and not material deceleration in 1Q or FY20 revenue growth.

03/07/2019 1 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: TECHNOLOGY 1QFY20 Preview-Margin resilience put to test; Revenue momentum not thwarted yet

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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