Q1 RESULTS OF FY 2024
The largest IT firm, TCS will announce its Q1 results on July 12 along with HCL Tech. Wipro is lined up to announce its earnings on July 13, followed by LTIMindtree on July 17. While companies like Infosys, Persistent Systems, and Mphasis will present their financial results on July 20. Also, Tech Mahindra will announce Q1 on July 26.
Indian IT firms are expected to report weak earnings for Q1 of FY24 due to deteriorating macro conditions, wage hikes, and the impact of the US market. While midcaps may see some growth, large caps are expected to report flat revenue.