Key Points
Indias software service providers are expected to report slightly better results for the second quarter, with analysts believing the momentum from the previous three months to have picked up amid a revival in deals in the banking and financial services vertical and an improvement in business sentiment in North America...
Infosys and LTIMindtree are likely to lead the large players in revenue growth for the July-September quarter, while Coforge and Persistent Systems are expected to outperform most others in the mid-tier pack, according to several analysts..
(The) IT sector may have slightly better Q2FY25 earnings, as we see increased momentum of hyper-scaler growth (AWS/Azure/Google Cloud), strong growth from North America after a lull and momentum in healthcare, ICICI Securities said in a report..
Green shoots in BFS (banking and financial services) in the Americas and increased momentum in artificial intelligence deals will lead to an uplift in their performance, it said.. Jefferies expects divergence in growth to be high it predicts Infosys to post 2.5% and Coforge to report 2.7% quarter-on-quarter revenue growth, but Wipro, HCLTech and TechM to see flattish revenue..
However, investments in programmes related to new platform launches in the auto sector remain on track, the brokerage firm said.. Margins are estimated to inch up for Infosys, LTIMindtree and Tech Mahindra, with HCLTech leading the margin expansion with high utilisation, according to analysts..
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