On April 20, apart from announcing Q4 earnings and the full-year FY23 financial report, HCL Tech board members will also declare first interim dividend for FY24.
The IT stocks were in a free fall on Monday after Infosys Q4 earnings missed estimates. The Nifty IT index nosedived to hit a fresh 1-year low, with all stocks in the red. Experts believe other IT companies may also report a weak quarter, especially in the US market.
Check all the companies that will announce their fourth-quarter earnings results for the Financial Year 2022-23 next week. These companies include RIL, ICICI Bank, HCL Tech, Yes Bank, and several others. , Markets News, Times Now
Amidst a lack of major events, in the week ahead, markets mood will be swayed by the upcoming Q4 earnings along with global trends. The equities will also react to Infosys and HDFC Bank s quarter prints.
HCL Tech, which has a fairly sizeable exposure to the troubled BFSI segment in key US and Europe markets, is likely to report a drop in constant currency revenue growth in a seasonally weak fourth quarter. Its consistent underperformance is also a worrying factor.