Tata Consultancy Services (TCS), India’s largest IT software company, is set to kick-start the Q2 (September quarter) earnings season on October 10. On the same day, Tata Elxsi, another member of the Tata Group, will also announce its earnings for the July-September quarter.
Upcoming Earnings Announcements
Following TCS and Tata Elxsi, HCLTech is scheduled to report its Q2FY25 earnings on October 14. This will be followed by MphasiS and LTTS (L&T Technology Services), both set to release their results on October 16.
The earnings announcements will continue with Infosys and Wipro on October 17, and Tech Mahindra rounding off the reporting cycle on October 19.
Industry Outlook
Analysts are optimistic yet cautious about the performance of the IT sector, expecting the industry to maintain its recovery trajectory in Q2, similar to the previous quarter, rather than experiencing significant growth.
According to consensus estimates, the top four IT firms—TCS, Infosys, HCL Technologies, and Wipro—are projected to report a modest growth of up to 4 percent year-on-year (Y-o-Y).
Reminder of Q1 FY25 Results for IT Majors– Watch the Video
Conclusion
As these companies prepare to release their earnings, investors and market watchers will be keenly analyzing the results for insights into the sector’s health and future trajectory.
The anticipated outcomes will provide crucial information not only for these firms but also for the overall sentiment in the Indian IT landscape as it continues to navigate post-pandemic challenges and shifting market dynamics.
With expectations of stable growth amidst economic uncertainties, this earnings season will be closely monitored by stakeholders looking for signs of recovery and resilience in the industry.
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