How are the IT stocks expected to fare this earnings season? Manik Taneja answers

Synopsis “I will not be surprised if the commentary from companies during the current quarter shifts towards a re-prioritisation of client spends when customers are once again looking for more cost savings and that typically tends to play to the advantage of Indian IT companies. If there is increased impetus on optimisation, that is positive for offshore IT. But this typically tends to play with some amount of lag.” Related Not yet time to buy IT stocks; be selective in infra plays: Sandip Sabharwal Market not turning, it is a short-term bounce within a downtrend: Jai Bala Don't see private capex picking up in infra and industrials before a year: Madanagopal Ramu “Given the current environment wherein globally customers are facing a high inflationary environment there is increased impetus on optimisation that is a dynamic that is typically positive for offshore IT but in the past, we have seen that this typically tends to play with some amount of lag,” says Manik Taneja , Vice President, JM Financial . Let us begin by talking about TCS ' numbers, what do you think that the Street is really watching out for? What are your numbers when it comes to the EBIT… Read full this story

How are the IT stocks expected to fare this earnings season? Manik Taneja answers have 314 words, post on economictimes.indiatimes.com at July 8, 2022. This is cached page on Bach Thien. If you want remove this page, please contact us.