IT Sector Growth Get Its Peak in India. Top IT companies like TCS, Infosys, HCL Tech and other IT companies with the base in India are expected to increase their growth level in June quarter. The earnings season of the June 2022 quarter begins this week of the July month and the company released its financial results on Friday. To know more information stay tuned with us.
As per the ICICI Direct Research report, “Margins are expected to take a hit on a QoQ basis on account of annual wage hike cycle for a few while rationalisation of employee costs for others. Margin impact will also be on account of visa related costs as well as uptick in travel related expenses as the economy opens up”.
Work From Home End in Many Companies in Bangalore!!
BNP data reads, “Our analysis of commentaries of global IT Services companies indicates a weak near-term margin outlook. Accordingly, we see 0-150 basis points q-o-q margin contraction for our coverage companies in 1Q. For our large-cap coverage, we expect revenue to grow 2.8-3.9 per cent q-o-q CC (constant currency). We expect midcaps’ US dollar revenue to grow 2.5- 9.9 per cent q-o-q. We expect Infosys (13-15 per cent) and HCL Tech (12-14 per cent) to retain their FY23 CC revenue growth and margin guidance, however, we see them highlighting lack of visibility on 2HFY23 demand. We expect Wipro to guide for 1-3 per cent CC q-o-q 2QFY23 revenue growth.”
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