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1.  HOME CAMPAIGNS DIGITAL MEDIA FUND RAISING MARKETING STARTUPS MARKETS ECONOMIC Top Stories TVS Eurogrip Tyres Capitalises on MSD’s Sense of Humour Tech stocks are in the Spotlight Ahead of Q4 Earnings: Quarterly Previews  Home - Markets - Tech stocks are in the Spotlight Ahead of Q4 Earnings: Quarterly Previews  Search here ... Latest Update RECENT POPULAR COMMON  March 31, 2023 Khan Academy Offers Free Online Courses to Empower Indian Instructors  March 31, 2023  Swiggy’s Match Day Mania: The Ultimate

2. Convenience for Cricket Fans  March 31, 2023 India Unveiled its Foreign Trade Strategy 2023, Aiming for $2 trillion in Exports by 2030  March 31, 2023 DMI’s Sparkle Fund Invests in EazyDiner’s Latest Funding Round Most Viewed  February 15, 2023 Adani Group equities are the Subject of This Week  Markets  March 31, 2023  January 31, 2023 By Gurpreet Kaur  27 mins ago  0  6  4 minutes read IHC investment leads Adani Enterprises shares to boost by 5%   Facebook Twitter            March 3, 2023 A few brokerages have released their quarterly results previews ahead of the March quarter reports. According to preliminary indications, the top five IT businesses, namely TCS, Infosys, HCL Technologies (HCL Tech), Wipro, and Tech Mahindra (TechM) are projected to see double-digit YoY revenue growth.    VCs’ fixation with start-ups’ topline, says

3. CEO of Infosys In terms of profit, Tech Mahindra is projected to record a decrease in bottom line growth, Wipro is expected to report a flat profit, and the three other IT majors are predicted to report a 9-17 per cent increase in bottom lines for the quarter. Investors will be looking for commentary on the BFSI sector, which may become cautious about IT investment after demonstrating resiliency in recent quarters.    February 20, 2023 Adani Enterprises Shares Must Increase by up to 410% to Reach their 52-week Highs Brokerages including Motilal Oswal Securities observed that, while Indian IT services providers have no major exposure to the afflicted US regional banks, worries of a financial crisis are anticipated to affect near-term IT investment by banks and would be the primary monitorable during management discussion.   Infosys: Q4 earnings Preview    February 27, 2023 Given that Q4FY23 is a typically poor quarter for Infosys, ICICI Securities anticipates revenue growth to be sluggish at 0.1 per cent QoQ in constant currency terms. This amounts to 16.4% YoY CC growth in FY23E, which is within the company’s projected range of 16-16.5 per cent.   M-cap of the Adani Group falls below the Rs 7 lakh crore threshold  Bank anticipate 110 basis point cross-currency tailwinds in Q4FY23. They forecast a 21.5 per cent EBIT margin in Q4FY23, unchanged QoQ in Q4FY23, and 21.2 per cent in FY23, in line with management’s guidance of 21-22 per cent margins. Major transaction wins were high in Q3FY23, totalling $3.3 billion (20% QoQ, 31% YoY), supported in part by the completion of a slew of licence agreements, it stated.    January 17, 2023 Shark Tank India 2 – Catching Big Fishes for National Start-Up Day   According to ICICI Securities, the pipeline has been restocked, but we estimate deal TCV to be in the $2.5-3 billion area, a decrease on a QoQ basis. It anticipates Infosys to begin the year with a conservative forecast of 6-8 per cent.   TCS: Q4 earnings Preview   Most Reviews TCS, according to Motilal Oswal Securities, is best positioned to gain from long-term structural tailwinds in Tech Services and could see a relative pick-up in growth, boosted by customers’ focus on cost optimisation and efficiency. TCS’s revenue is expected to increase 7.6 per cent year on year (1.8 per cent quarter on quarter) to $7,202 million in dollar terms. In CC terms, sales growth is expected to be 0.9% QoQ, suggesting a 90bp currency tailwind.   RECENT POPULAR COMMON In currency terms, revenue is expected to rise 17% year on year (1.7 cent quarter on quarter) to Rs 59,200 crore. Profit is expected to increase by 17% year on year to Rs 11,640 crore.    March 31, 2023 Khan Academy Offers Free Online Courses to Empower Indian Instructors The brokerage anticipates a 30-basis point increase in operating profit, driven by stable supply and declining attrition. Client budgets, BFSI perspective, and transaction wins are critically monitorable, according to the report.  

4.  March 31, 2023 Wipro: Q4 earnings Preview   Swiggy’s Match Day Mania: The Ultimate Convenience for Cricket Fans Given the deterioration in the consulting industry and the worsening economic environment, ICICI Securities forecasts Wipro’s revenue to fall 0.5% QoQ CC in Q4FY23, equating to 11.5 per cent YoY CC growth in FY23E, towards the lower end of the projected range of 11.5-12% in FY23.    Wipro is expected to benefit from a 100-basis point cross-currency revenue tailwind. QoQ, EBIT margin is likely to remain virtually stable (20-30bps). Wipro is expected to aim for a 1% to 1% QoQ increase in CC revenue in Q1FY24, according to the brokerage.    March 31, 2023 India Unveiled its Foreign Trade Strategy 2023, Aiming for $2 trillion in Exports by 2030 HCL Technologies: Q4 earnings Preview  With its experience in IMS, Motilal Oswal believes HCL Tech is one of the primary benefactors of Cloud usage at scale. But, the IT firm’s fourth-quarter earnings are projected to be hit by the software business cyclical.   HCL Tech’s revenue is predicted to increase by 20.3 per cent year on year (1.8 per cent quarter on quarter) to Rs 27,180 crore. Earnings are expected to increase 9.6 per cent year on year to Rs 3,940 crore. Sequential USD sales increase is expected to be 1.5 per cent, while CC revenue growth is expected to be 0.5 per cent.   They anticipate HCL Tech to post subdued growth due to a seasonal impact in HCL Software, the brokerage said, adding that IT Services will continue to rise rapidly. HCL Tech’s margins are expected to fall by 150 basis points year on year, owing mostly to a seasonal dip in HCL Software.   Tech Mahindra: Q4 earnings Preview   TechM is regarded as the one outlier among tier-I IT firms that may record a decline in consecutive CC sales. The IT giant is expected to record a 13.6% YoY (0.2%) increase in net sales to Rs 13,760 crore. Earnings are expected to dip 13.9% year on year to Rs 1,330 crore. According to Motilal Oswal Securities, revenue in dollar terms may climb by 0.3% for the quarter, while revenue in CC terms is expected to decline by 0.7%. Newsletter Subscribe to our mailing list to get the new updates! You can share this post!          

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