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Will TCS, Infosys deliver in seasonally strong September quarter?
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New Delhi, Oct. 10 -- The July-September quarter has historically been the strongest one for Indian IT services companies. But in this fiscal year, there is unlikely to be any show of strength when companies announce second quarter (Q2) results.
"Organic growth is estimated at 2.4% sequentially for the top four IT firms- TCS, Infosys, HCL Technologies and Wipro-in the September quarter, barely higher than the 2.3% growth reported in each of the preceding two quarters," says an IT sector analyst at a domestic institutional firm, who declined to be named.
What's more, year-on-year revenue growth at industry leader Tata Consultancy Services Ltd (TCS) is expected to fall to single-digit levels, after four consecutive quarters of double-digi...
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