Key Points
Analysts expect the deal wins to remain muted due to weak macro and slow decision-making.ETMarkets.com..
IT services company Tech Mahindra is expected to see a sequential decline in revenue in the December quarter due to weakness in the communication vertical segment and higher furloughs..
We expect TechM's 3Q revenues to decline by 1.6% QoQ in CC, due to furloughs and continued portfolio optimisation in the Communication vertical..
We expect margins to expand by 330 bps QoQ (70bps on a normalised basis) due reversal of one-offs and operational efficiencies, somewhat offset by revenue decline..
We expect the company to report revenue growth of 0.5% on a QoQ basis while its margins are likely to expand due to strong growth in volume and reshuffling of the portfolio...
You might be interested in
Wipro Q1 Preview: Weak tech spend to weigh on sales; guidance for Q2 likely to be soft
12, Jul, 23After a soft June quarter, which usually is the strongest for the IT industry, analysts expect Wipro to give a muted guidance for the September quarter.
HCL Tech Q2 Preview: Sales seen rising after 2-quarter decline, FY24 view to be eyed
11, Oct, 23HCL Tech Q2 Preview: HCL Techs Q2 consolidated revenue is seen rising a mere 2% sequentially to Rs 26,804.4 crore according to the average of estimates given by nine brokerage firms. But on a year-on-year (YoY) basis, it is seen increasing by 9%. Consolidated net profit may rise 5% sequentially and over 6% YoY to Rs 3,707 crore, the estimates showed.
Maruti Suzuki Q1 preview: Profit may rise 2x YoY on strong sales, margin show
30, Jul, 23The automaker is seen reporting a 143% YoY rise in net profit to Rs 2,460, according to the average of estimates given by 12 brokerages. Net sales is seen growing nearly 20% YoY to Rs 31,730 crore. Sequentially, the bottomline is likely to decline 6.2% and revenue may drop by about 1%
Infosys Q2 Preview: Revenue seen up 5% YoY; co may retain FY24 guidance
11, Oct, 23Infosys Q2 Preview: Consolidated revenue from the quarter is seen rising only 1.4% sequentially to Rs 38,472.4 crore, according to the average of estimates given by nine brokerage firms. But on a year-on-year (YoY) basis, it is seen rising 5.3%. Consolidated net profit may rise 5% sequentially and about 4% YoY to Rs 6,240 crore, the estimates showed.
HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect
10, Jan, 24We expect HCL's Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
IT stocks on top of FII hate list! Will Q1 results mark end of long winter?
12, Jul, 23Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1.