Infosys vs TCS: Who is poised to win in this Q4 IT battle?

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Key Points

India's leading software exporters TCS (Tata Consultancy Services) and Infosys will kickstart the fourth quarter earnings season in what is seen as a modest quarter for IT companies...

While TCS will put out its fourth quarter results on April 12, Infosys will declare the same on April 18...

IT companies, as a whole, are expected to put up a muted show in the March quarter, even though no major surprises are likely..

During the fourth quarter, Kotak Equities estimated 1.7% quarter-on-quarter constant revenue growth for TCS, while Infosys might see a decline of 1.5% on a sequential basis...

Indian IT companies, that issue annual revenue growth guidelines (of which Infosys is among one), are likely to start on a cautious guidance, keeping in mind the ongoing macroeconomic uncertainty and recent forecast cut by Accenture.. Nomura expects Infosys to guide for 2-5% year-on-year revenue growth in CC terms with a 20-22% EBIT margin band for FY25...

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