Key Points
Indias tech sector index, which includes Infosys Ltd. and Tata Consultancy Services Ltd., rallied 12% in the three months through December, powered by a global rally in the space after a dovish pivot by the Federal Reserve..
Improved sentiment aside, IT earnings remain under pressure..
Indias IT services giants may struggle to justify their valuations when they kick off Asias reporting season next week, as earnings are expected to be the weakest in years...
Tata Consultancy Services (TCS IN) is poised to report its weakest quarterly revenue growth since July-Sept. 2020 on cuts in discretionary tech spending by its US and European clients..
Fast Retailings (9983 JP) first-quarter operating profit probably increased, but Uniqlos margin growth may have slowed sequentially on higher labor costs and store expansion expenses, BI said in a post-earnings note on Oct. 13..
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