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IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated. ....
The IT sector is expected to report a seasonally weak quarter in Q4FY23. .TCS will announce its Q4 results on April 12 followed by Infosys on April 13. Others will follow suit. .TCS dipped overall by 2%, while Infosys almost neared its 52-week low. ....
In its preview research report, ICICI Direct analysts said that Q4 is seasonally weak for IT companies on account of fewer working days, some additional furloughs in January. ....