Infosys, Wipro & TCS to gain in Q2

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Shivani
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Infosys, Wipro & TCS to gain in Q2

#1 Postby Shivani » Mon Oct 07, 2013 9:42 am

Indian software services exporters are set to gain additional business from their largest market, the United States, as a slew of regional banks there look to outsource more technology work than ever before.So the big IT firms Infosys, Wipro & TCS are are expected to announce strong earnings for the July- September quarter, helped by a steep decline of the rupee against the dollar and improved demand for outsourcing services.

Infosys will kick-off the quarterly earnings seasons on October 11, followed by Tata Consultancy Services on October 15 and HCL Technologies on October 17. Wipro is yet to announce the date for second quarter financial results.A report by Angel Broking said the revenue growth in rupee terms is expected to be in the range of 13.5-16.5 percent Q-o-Q for tier-I IT companies.

TCS is expected to lead the tier-I pack with 4.3 per cent Q-o-Q dollar revenue growth, while Infosys is also likely to see a good quarter with 4.1 per cent Q-o-Q revenue growth, Kotak Institutional Equities said in its quarterly technology report.

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