BNP Paribas sees muted IT earnings, expects guidance reset for largecaps
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓BNP Paribas expects India's IT sector to report another soft quarter, with Infosys and HCLTech likely to lower growth guidance.
- ✓Analyst Kumar Rakesh said, "What usually used to be at least one to two percentage points of sequential growth...
- ✓would be sub-1% growth for most of the largecap IT services companies."
Story at a Glance
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- MARKET
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- CNBC TV18
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- 3 Minute(s)
- Market Focus
- India Economy
BNP Paribas expects India's IT sector to report another soft quarter, with Infosys and HCLTech likely to lower growth guidance as organic demand remains weak. The brokerage says Tech Mahindra continues to stand out on earnings growth and valuations despite a challenging industry backdrop. What should investors watch in the earnings season?
By Alpha Desk
India's IT services companies are likely to report another muted quarter, with largecap firms expected to deliver less than 1% organic sequential revenue growth and revise their outlook for the rest of the financial year 2027, according to BNP Paribas.
The brokerage expects Infosys and HCLTech to lower their organic growth guidance, while Tech Mahindra is seen continuing to outperform peers.
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