InvestorQ : What is your outlook for the Indian IT companies in the September quarter and the full fiscal year? Do you see a big impact of COVID-19 on these stocks?
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What is your outlook for the Indian IT companies in the September quarter and the full fiscal year? Do you see a big impact of COVID-19 on these stocks?

Answer
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Arti Chavan answered.
2 weeks ago


In the midst of the pandemic, it looks like the Indian IT companies may be poised for strong revenue growth guidance on the back of sequential improvement in overall revenues as well as a strong demand for digital services.

Analysts are likely to upgrade the top IT companies in India on the back of better demand visibility and higher tech spending. Even as Trump has ruled out immediate fiscal stimulus, most analysts feel that it is inevitable once the new US president is in place.

While TCS refrains from giving guidance as a policy, Infy has given top line growth of 0-2% and could even upgrade these numbers in this quarter. OPMs are likely to be upgraded by 1-2% in the Sep-20 quarter even as digital and cloud will continue to drive the businesses.