Earnings IT sector Q2 preview: Margin improvement likely to soften exchange rate volatility impact Updated : September 18, 2020 01:09 PM IST CLSA estimates a 150-250 bps cross-currency impact on reported US dollar revenue in Q2FY21 for the top five IT players. Infosys and HCL remain CLSA’s bottom-up sector picks. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.