Key Points
However, he believes that a significant portion of the improved outlook is already priced into the market, with PE multiples increasing by 20-25%..
Prasad emphasizes the importance of operational performance and highlights that many companies, including larger ones, have the potential for margin improvement..
But the fact is with some growth that is expected to normalize, prospects on margins continue to look fairly good...
Many of them have held onto margins despite losing the revenue, companies that have lost 10%, 12%, a quarterly run rate basis, they managed to hold on for different set of reasons...
Apurva Prasad: The headcount trend in the recent past has been more a function of how demand has played out, plus the hiring which was done before the slowdown period and of course, the room for bench optimization which was fairly high about a year back or so...
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