KAMPANI CONSULTANTS LTD Q2 RESULTS
Accenture quarterly numbers point to strong GenAI prospects
Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.
IT stocks rise after Accenture’s robust Q1 results lift sentiments for sector
Shares of IT services firms such as Infosys, TCS, Wipro, and HCL Technologies rose by up to 1% on Friday, following a strong performance by industry leader Accenture. Accenture reported Q1 revenue and profit that exceeded Wall Street estimates and raised its annual forecast, signaling growing demand for IT services and boosting market sentiment for the sector.
Year in Review: Behind the VC reset and what’s next in 2025
Happy Wednesday! India's venture capital ecosystem stays cautious, holding cash amid profit pressures. This and more in today’s ETtech Morning Dispatch.
RITES shares rally over 4% after securing Rs 148.25 crore order from IIM Raipur
RITES shares rose 4.4% after securing a Rs 148.25 crore order from IIM Raipur for campus development. Despite lower Q2 profits, the company has seen over 18% gains this year.
HDFC Bank’s m-cap surpasses Rs 14 lakh crore for the first time after stock hits record high
HDFC Bank Share Price: HDFC Bank's market capitalization reached Rs 14 lakh crore for the first time on Thursday after its stock hit a fresh record high of Rs 1,836.05 on the BSE. The market cap peaked at Rs 14,00,710 crore before slipping amid profit-taking in the broader markets. At 11:17 am, shares were trading at Rs 1,808.40, down 0.14%.
IT cos' Q2FY25 results ahead of estimates. Infosys, LTIMindtree among 9 brokerage buys
Indian technology companies exceeded their Q2 earnings forecasts, but their future guidance remained cautious. While some brokerages observed a potential bottoming out of pessimism, clear signs of increased spending in developed countries are still pending. Stocks like Infosys, TCS, and HCL Tech are among the top picks for many brokerages.
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NBCC Q2 Results: Profit jumps 53% to Rs 125.13 crore
State-owned NBCC (India) Ltd on Wednesday reported a 53 per cent increase in its consolidated net profit at Rs 125.13 crore for the quarter ended September on higher income. Its net profit stood at Rs 81.90 crore in the year-ago period.
Suzlon Energy Q2 results: Net profit jumps 96% YoY to Rs 201 crore, revenue up 48%
Suzlon Energy Q2 results FY25: Suzlon Energy reported a 96% YoY jump in net profit to Rs 201 crore in Q2FY25. Revenue from operations stood at Rs 2,093 crore, up 48% YoY. EBITDA was Rs 294 crore, up 31% YoY. The company delivered robust deliveries at 256 MW and has an all-time high order book of 5.1 GW.
Infosys net profit rises 4.7% in Q2, misses Street estimates
The guidance change is the sixth consecutive quarterly revision and seventh in eight quarters. Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
Infosys net profit rises 4.7% in Q2, misses Street estimates
Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30. Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in banking, financial services and insurance (BFSI) and consulting. It, however, fell 1% from a year earlier.
Wipro Q2 Results Preview: Revenue seen declining up to 2% YoY, Q3 CC guidance at -1% to 1%
Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures between Rs 22,134 crore and Rs 22,516 crore. Net profit growth is anticipated to range between 5.5% and 19.5%. Key focus areas include Q3 FY25 guidance, deal ramp-up, and future visibility.
Pressure amps up on Infosys, Wipro to beat high expectations amid correction woes
Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.
TCS shares fall as Q2 profit misses estimates. Should you buy, sell or hold?
TCS reported a 5% growth in Q2 net profit to Rs 11,909 crore, falling short of expectations. Revenue increased 8% YoY. Analysts hold mixed views; JPMorgan and Nuvama maintain 'Buy' ratings, while Citi and Investec advise 'Sell' due to ongoing client-specific issues.
IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have delivered strong returns, with Coforge, LTIMindtree, and Infosys leading the gains over the past three months. As Q2FY25 earnings commence, Indian IT companies are expected to show single-digit revenue growth, and brokerages favor Infosys, HCL Technologies, and Persistent Systems.
Ratan Tata’s startup story; TCS Q2 results
Ratan Tata has always been a cheerleader and supporter of India's startup ecosystem. This and more in today’s ETtech Top 5.
TCS Q2 Results: Profit rises 5% YoY to Rs 11,909 crore, misses estimates
TCS Q2 Results: Tata Consultancy Services (TCS), India's leading software exporter, reported a 5% growth in consolidated net profit, reaching Rs 11,909 crore for Q2 ended September 2024, compared to Rs 11,342 crore in the same period last year. However, this figure fell short of analysts' expectations, which estimated a profit of Rs 12,450 crore. Revenue from operations rose 8% year-on-year to Rs 64,259 crore.
TCS declares second interim dividend of Rs 10/share, sets October 18 as record date
Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share, payable on November 5, 2024, with a record date of October 18, 2024. The announcement followed the release of Q2FY25 earnings, showing a 5% YoY increase in consolidated net profit to Rs 11,909 crore, falling short of analyst estimates.
TCS to declare Q2 results today, but press conference cancelled after Ratan Tata's demise
Tata Consultancy Services (TCS) cancelled its Thursday evening press conference to announce second quarter results. TCS will still inform the exchanges about July-September performance after the board meeting. A call with analysts at 7 pm will proceed as planned. Ratan Tata's last rites are scheduled for Thursday after 4 pm in central Mumbai.
TCS Q2 results today: Here are 5 things to watch out for
TCS is set to announce its Q2FY25 earnings, with analysts expecting revenue growth of up to 7.7% YoY, and net profit to rise by 8-10%. Key focus areas include discretionary spending, deal ramp-up, customer behavior post Fed rate cuts, and potential interim dividends.
Stock to watch: TCS shares in focus ahead of Q2 results
Shares of Tata Consultancy Services will draw attention as it reports its second quarter earnings. Analysts predict a 1.2-2.6% sequential revenue growth and an 8-10% year-on-year net profit increase, driven partly by the BSNL deal ramp-up. Market capitalization remains over Rs 15 lakh crore.
TCS Q2 results to be posted today, press conference cancelled following Ratan Tata's demise
Tata Consultancy Services (TCS) has postponed its press conference following the death of Tata Group's Emeritus Chairman Ratan Tata. Despite this, TCS will still report its quarterly results to the exchanges and hold a scheduled call with analysts. Ratan Tata passed away on Wednesday after being moved to intensive care.
TCS Q2 results preview: Revenue may grow by up to 7.7% YoY while 8-10% uptick in PAT seen
Indian IT giant Tata Consultancy Services (TCS) is forecast to see up to 7.7% year-on-year revenue growth in the September quarter, chiefly driven by the BSNL deal. Analysts expect a net profit uptick of 8-10%, with varied growth estimates from different brokerages.
Q2 results season begins this week with TCS, IREDA, DMart. Check out the earnings calendar
TCS will kick off the earnings season on October 10, reporting its Q2 results alongside companies like Tata Elxsi and DMart. Key earnings to watch include TCS’s revenue growth and DMart's significant profit jump in Q1 FY25. Other notable companies reporting include Lotus Chocolates and Anand Rathi Wealth.
Big IT expects growth momentum to continue in September quarter
India’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be better than the first quarter on the back of deal revival and an improvement in business sentiment in North America.
TCS shares in focus as company's board to consider 2nd interim dividend on October 10
TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.
TCS Q2 results on October 10; board to consider second interim dividend
TCS will announce its Q2 earnings on October 10, with a potential interim dividend declaration. Despite a gradual recovery in client spending, revenue growth remains stable. MOFSL expects TCS to see a 1% QoQ growth in constant currency. Previous Q1 profits and revenue exceeded expectations.
IT companies log strong deal wins in Q2 after a long lull
Experts said demand is coming back even though at a slower pace with smaller-sized and tenured deals. There are also some transformative deals. "The turnaround of the services industry has got delayed. Though there are not many tailwinds, some deals of meaningful sizes have got signed, which can influence revenue for 2025 for specific providers," said Yugal Joshi, partner at IT outsourcing consultancy Everest Group.
HCL Tech’s weak Q1 revenue hints at demand concerns
HCL Tech's Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS.
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