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Earnings preview: Most brokerages see muted December quarter for IT sector

Most top brokerages see investors looking at demand outlook for calendar year 2018, besides industrialisation of digital services and Indian IT's participation in that

IT, IT Sector
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Pranati Deva New Delhi
For Indian information technology (IT) companies, the October-December quarter of 2017-18 (Q3) is expected to be a muted one, weighing on their overall revenue performance. Though demand and revenue acceleration during the quarter could provide some optimism, implications of the US tax reforms and potential changes to the visa rules in that country remain an overhang.

Investors are now likely to focus on demand outlook for calendar year 2018 and, more importantly, industrialisation of digital services and Indian IT’s participation in that. For 2018 earnings, they would also look to margin outlook and the IT budget trend going forward.

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