HCL Tech Q1 preview: IT major may post weak revenue, EBIT margin likely to decline

The earnings season has finally kickstarted with Tata Consultancy Services (TCS) among first IT companies to declare earnings on July 11. IT major HCL Tech is also set to announce its June quarter earnings on Friday.

According to analysts, the IT firm is likely to post the weakest revenue growth among its peers.

While the company is anticipated to show year-over-year growth in profit after tax (PAT), there may be a sequential decline due to project completions and a decrease in discretionary spending. The IT and business services segment is expected to be negatively impacted on a quarter-on-quarter basis.