Top Indian IT Cos Like TCS, Infosys May Report Muted Q4 Nos

NEW DELHI: Top Indian IT firms like TCS and Infosys are likely to report muted fourth quarter performance tempered by a seasonal weak quarter, analysts said.

While analysts expect Q4 results for the tech firms to be "modestly" above expectations, they feel revenue traction for Infosys and TCS could lag that of HCL Technologies and Wipro.

Barclays said it expects Infosys' $ revenues to decline by 0.4 per cent quarter-on-quarter, while that of country's largest software services firm, TCS, could grow two per cent q-o-q in the January-March quarter.

Country's second largest software firm Infosys will kick off the earnings season from April 15, followed by TCS (April 16) and HCL Technologies (April 17).

Infosys and TCS have already expressed caution for the financial results of the last quarter of the fiscal.

Infosys has said it is most likely to meet the lower end of its FY'14 revenue guidance of 11.5-12 per cent while TCS indicated that the fourth quarter may see seasonal softness on export revenue.

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