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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