Information Technology Sector- Sector Update- Move to Underweight
We are downgrading Indian IT Services sector to underweight (UW) on a 12-month basis, though in the near term, there is relative earnings...
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IT: Supply-Side Constraints Persist; Demand Robust
IT Services sector is expected to report strong growth in Q4FY22 primarily on account of the new large deal wins and a ramp-up of deals won in the...
434 Views
Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
398 Views
HCL Technologies - In-Line Revenue; Margin Under Pressure
HCL Tech (HCLT) reported in-line revenue growth of +1.3% QoQ in USD terms, though its margin performance fell short of expectations
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HCL Technologies Ltd - Subdued Performance; Focus on Digital Transformation
Management sees some stress in manufacturing (especially automotive), life sciences, retail, and CPG segments, contributing to utilisation...
477 Views