IT Services Q1 Results Preview - Infosys Likely To Lead Revenue Growth: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Q1 FY25 could be a mixed bag for IT companies, especially on margins. Deal execution may pick up in 1Q post major and minor furloughs in Q3 and Q4. We expect Tata Consultancy Services Ltd. to post sequential revenue growth in Q1, boosted by strong deal wins and BSNL order execution. However, revenue growth may be lower compared to historical Q1 numbers, as we expect weakness in the U.S. and continental European markets to continue in Q1, akin to Q4. We expect Infosys Ltd. to post strong revenue growth on deal wins; it may lead the Q1 revenue growth amongst the top five companies (TCS, Infosys, Wipro, HCLTech, and Tech Mahindra). HCLTech had already indicated subdued revenue growth for Q1 FY25 in the last quarter, citing the impact of early offshoring of a large contract, apart from the pass back of usual productivity gains to customers. Wipro and Tech Mahindra too may post muted sequential USD revenue growth. On the margin front, TCS may bear the brunt of wage hikes, while HCLTech could be impacted by lower revenue growth during the quarter. Infosys, Wipro and Tech Mahindra may see their margins improve, sequentially, on superior utilisation and cost optimisation initiatives..Click on the attachment to read the full report:.Cement Q1 Results Preview - Demand Softens; Prices Remain Muted: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Services Q1 Results Preview - Infosys Likely To Lead Revenue Growth: Systematix

On the margin front, TCS may bear the brunt of wage hikes, while HCLTech could be impacted by lower revenue growth during the quarter

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IT Services Q1 Results Preview - Infosys Likely To Lead Revenue Growth: Systematix

On the margin front, TCS may bear the brunt of wage hikes, while HCLTech could be impacted by lower revenue growth during the quarter

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