Covid makes it harder to estimate short-term earnings, says analyst

While Indian technology outsourcing companies have largely held up better in the coronavirus pandemic than other industries in the nation, predicting how they are likely to perform in the future has never been so hard.

The uncertainty stemming from the virus and countries’ efforts to contain it have made it harder to estimate short-term earnings than at any other time in Kuldeep Koul’s 18-year career as an Indian tech-sector analyst. 

Employed by ICICI Securities, he is the top-ranked analyst covering Infosys, the nation’s second-largest IT outsourcing company, according to the Bloomberg data. He has a ‘buy’ rating on the stock with a