Infosys, Wipro to announce Q1 results next week: After TCS and HCL Tech, will other IT firms beat estimates?

After two major IT companies Tata Consultancy Services (TCS) and HCL Technologies reported their Q1 earnings the past week, beating street estimates, analysts said that the upwards trend will likely continue for the IT sector. The IT services sector earnings of the first quarter of the financial year is expected to be a mixed bag. Analysts said that revenue of IT services companies are likely to recover this quarter following a tepid Q4FY24. “We believe Q1FY25 will mark the bottom of sluggish revenue growth for the Indian IT services sector. Our proprietary database shows signs of stabilisation in revenue growth outlook for G2000 companies, particularly in the BFSI vertical.