ilmscore | Top IT companies - Q1FY24 highlights | CA Rachana Ranade

Top IT companies - Q1FY24 highlights | CA Rachana Ranade

Published: 2023-07-28
Status: Available | Analyzed

Predictions from this Video

Total: 13
Correct: 0
Incorrect: 0
Pending: 13
Unrated: 0
Prediction
Topic
Status
TCS reports a strong deal pipeline with $10.2 billion in bookings.
"management believes that overall deal pipeline remains strong with healthy booking of USD 10.2 billion dollars"
TCS.NS
Pending
Infosys significantly reduced its FY24 revenue growth guidance to 1-3.5% on a constant currency basis.
"management sharply lowered the fy24 revenue guidance and they have taken it to one point I mean one person to 3.5 percent on a year on your basis"
INFY.NS
Pending
Infosys is confident about maintaining EBIT margins in the range of 20-22%.
"companies confident that ebit margins will be around 20 to 22 percent"
INFY.NS
Pending
HCL Tech provided a strong FY24 USD revenue growth guidance of 6-8%.
"FY 24 USD Revenue growth guidance would be around so fy24 USD Revenue growth could be around six to eight percent"
HCLTECH.NS
Pending
The Technology and Telecom verticals are expected to stabilize and begin recovering from Q2 FY24.
"management believes that yes technology and Telecom verticals have stabilized so they should ideally start to recover from the second quarter of fy24"
HCLTECH.NS
Pending
Wipro's guidance for Q2 FY24 is a revenue growth of -2% to +1% in constant currency.
"the guidance ranges from minus two percent to one percent in constant currency growth Revenue terms"
WIPRO.NS
Pending
Wipro reported large deal signings of $1.2 billion, a 9% year-on-year increase in constant currency.
"there are certain large deal signings and uh that was the number that they have mentioned is 1.2 billion US Dollars which is up nine percent on a year on year basis on a constant currency growth"
WIPRO.NS
Pending
LTI Mindtree anticipates that achieving double-digit growth for FY24 will be challenging.
"they've also said that a double digit growth for financial year 24 seems to be a bit challenging"
LTIM.NS
Pending
LTI Mindtree secured deal wins totaling $1.41 billion, an increase of 16.9% year-on-year.
"deal wins remains strong at USD 1.41 billion dollars which was up 16.9 percent year on year"
LTIM.NS
Pending
Management anticipates a slowdown in demand within the IT sector due to macroeconomic concerns.
"management believes that there are expected certain slowdowns demand slowdowns because of the overall macro concerns"
IT Sector Performance
Pending
All analyzed IT companies reported a strong deal pipeline.
"all the companies said that yes we have a strong pipeline"
IT Sector Pipeline Strength
Pending
The guidance figures provided by most IT companies suggest a flat growth outlook for the sector.
"the overall guidance figures that the majority of the it companies gave were not that great so that is also you know hinting out towards a flattest growth"
IT Sector Performance Outlook
Pending
IT companies believe that macroeconomic factors need to normalize before they can deliver strong financial results.
"all companies said that we believe that the macro factors have to be normalized first then we will come up with good numbers"
IT Sector Macroeconomic Normalization
Pending