IT stocks: Nuvama said results of all three hyperscalers namely Amazon, Azure and GCP have shown an improvement in the overall growth trajectory in this quarter, as cost takeout measure of clients has slowed down.
Infosys, HCL Tech Q3 results: Nirmal bang said investors would wish to known whether Infosys will come in at the higher or lower end of its guidance and if there is any change in the revenue conversion problem seen in Wipro.
Accenture’s weak guidance for Q2FY24 (hinting at a sequential decline in revenue could mean a weak December quarter for most Indian IT companies largely due to higher furloughs and fewer working days.
For TCS, focus would be on strategic direction under the new CEO. For TechM, focus would be on a possible turnaround under new CEO. Investors could also be looking for a buyback from Infosys and Wipro, Jefferies said.