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Net Sales are expected to be flat at Rs 17324.4 crore for Q-oQ (up 9 percent Y-o-Y), according to KR Choksey.
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IT services exporter Infosys' third quarter earnings are expected to be subdued due to seasonal weakness and RBS's contract cancellation. All eyes are on its full year guidance that had been changed twice from the start of current financial year.
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Speaking to CNBC-TV18, Shashi Bhusan of IDFC Securities said that he expected a weak performance from both TCS and Infosys.
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According to Sanjiv Bhasin of IIFL there is a lot of pessimism around the third quarter earnings but he expects banks to be in a sweet spot.
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Net Sales are expected to decrease by 1.3 percent Q-o-Q (up 7.5 percent Y-o-Y) to Rs 17088.7 crore, according to Motilal Oswal
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The impact of oil prices, Brexit and US presidential elections tend to be over stated, Vishal Sikka says. The bigger issue is the nature of computing and the fact that today everyone wants to be a tech company, he adds.
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Overall, Infosys Q2 was better than its rival. IT solutions provider Infosys ' profit beat analysts' expectations, rising 4.9 percent to Rs 3,606 crore in July-September quarter but reduced full year revenue guidance considerably due to uncertain external environment.
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Reacting to the results, Nilesh Shah of Envision Capital said that the risk with lowering FY17 guidance is that analysts will now not be able to forecast FY18 figures with a fair degree of certainty.
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Revenue is expected to increase by 2.2 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 17150.9 crore, according to ICICI Securities.
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Sandip Agarwal of Edelweiss Financial Services said they haven‘t changed their hold rating on TCS and does not see a significant downside.
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Its constant currency guidance is expected to be lower to 8.5-10 percent from 10.5-12 percent. Infosys had already lowered guidance to 10.5 percent-12 percent in constant currency from 11.5-13.5 percent in last quarter.
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Net Sales are expected to increase by 2.2 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 17149.2 crore, according to Kotak Securities.
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Net Sales are expected to increase by 1.6 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 17047.4 crore, according to Motilal Oswal.
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Speaking to CNBC-TV18, Ravi Menon of Elara Capital outlined his investment picks from the sector.
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In an interview with CNBC-TV18, NASSCOM President R Chandrashekhar and Sudin Apte of Offshore Insighs talked about the challenges faced the IT industry.
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A number of large companies have posted results since the earnings season started Thursday last week.
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With Infosys reporting first quarter results a day after sector leader TCS, a comparision between the two can now be made.
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In an interview with CNBC-TV18's Rukmini Rao, Infosys CEO Vishal Sikka talked about the company's muted first quarter earnings and what he expects going forward.
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The street is given a big thumbs down to the stock. Here are the 8 reasons that triggered selling.
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Nilesh Shah, MD & CEO of Envision Capital maintained revised dollar guidance growth to be a major setback for the company. "The important variable (dollar revenue growth) of the result has fallen, and it is not a good sign for company, the sector and the entire earnings season," he added.
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Sandip Agarwal, Edelweiss Financial Services thinks the constant currency growth of 3.1 percent will put pressure on TCS's Q2 and it will be hard for them to grow at 10 percent organically for the fiscal.
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Overall, Q1 is expected to be a good quarter for the company. Dollar revenue growth is likely to be supported by currency tailwinds of 50-60 basis points, hence constant currency growth may be around 3.5 percent for the quarter.
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Sales are expected to increase by 2.8 percent Q-o-Q (up 18.6 percent Y-o-Y) to Rs 17019.7 crore, according to Motilal Oswal
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Revenues are expected to increase by 3.9 percent Q-o-Q (up 19.8 percent Y-o-Y) to Rs 17201.4 crore, according to Edelweiss Financial Services.
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Sales are expected to increase by 3 percent Q-o-Q (up 18.8 percent Y-o-Y) to Rs 17052.1 crore, according to ICICIdirect.
