IT firms sense demand revival in October-December quarter despite pinch of furloughs, holidays

The earnings calendar is likely to start on a muted note with frontline IT firms feeling the pinch of furloughs but an improving demand environment will give some heft to the numbers for October-December, brokerages said.

The results season will commence this week with Tata Consultancy Services (TCS) announcing its scorecard on January 9. The country’s largest IT services firm will be followed by HCL Technologies on January 13 and Infosys on January 16.