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09 Apr 2024
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Software & Services
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BOB Capital Markets Ltd.
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Sector Update
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Pressure on margins for IT companies to continue in the medium term, in our view, given dominance of cost take-out projects
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03 Apr 2024
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Software & Services
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IDBI Capital
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Sector Update
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22 Mar 2024
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Software & Services
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Axis Direct
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Sector Update
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Accenture Q2 FY24 Result Update
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09 Feb 2024
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Software & Services
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IDBI Capital
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Sector Update
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25 Jan 2024
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Software & Services
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Trendlyne Analysis
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Sector Update
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The Q3FY24 earnings from the big four IT firms — Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCL Tech) and Wipro — mirror a global slowdown in IT spending. This trend comes as a surprise to no one, since Indian IT companies have been flagging that risk over the last couple of quarters.
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20 Dec 2023
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Software & Services
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Axis Direct
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Sector Update
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Our picks from large caps: HCL Tech, LTIMindtree Our picks from Mid Caps: Coforge, Persistent Systems, and Cyient.
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17 Nov 2023
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Software & Services
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Axis Direct
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Sector Update
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Top Sector Ideas - IT Services
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09 Nov 2023
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Software & Services
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Trendlyne Analysis
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Sector Update
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The big four IT firms—Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCL Tech) and Wipro—posted predictably subdued results in Q2FY24. The trend reflects the persistent unfavourable market conditions over the past few quarters. Cutbacks in discretionary spending, project ramp-downs, and decision-making delays have left these IT powerhouses and once-darlings of the stock market facing a challenging landscape.
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09 Oct 2023
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Software & Services
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Trendlyne Analysis
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Sector Update
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The Indian IT sector is expected to deliver modest results at best, in the traditionally strong July-September quarter. As macroeconomic conditions have stayed largely unchanged over the past few months, the sector is seeing cuts in discretionary spending, and delays in deal conversions.
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29 Sep 2023
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Software & Services
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Axis Direct
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Sector Update
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Sector Update: Accenture IT Services
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