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IT Q3FY22 earnings preview: What to expect from Infosys, TCS, Wipro

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IT Q3FY22 earnings preview: What to expect from Infosys, TCS, Wipro

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The Q3FY22 earning season is around the corner and the street is expecting a good quarter from largecap IT companies because the demand environment continues to remain very strong, which is expected to offset the seasonal furloughs. In a CNBC-TV18’s special segment ‘Quarter Se Quarter Tak’, Reema Tendulkar lists out key expectations from the largecap IT names such as Infosys, Tata Consultancy Services (TCS) and Wipro.

The third quarter (Q3FY22) earnings season is around the corner and the Street is expecting a good show from largecap IT companies as the demand environment continues to remain strong and this is expected to the seasonal furloughs.

TCS
Analysts expect the dollar revenue to rise above 2 percent compared to the previous quarter which had a reading of $6,333 million. Compared yearly, it is expected to moderate given base effects.
Relative growth rates
$ Rev QOQQ3FY21Q4FY21Q1FY22Q2FY22
TCS5.10%5.03%2.80%2.90%
Infosys6.16%2.80%4.70%5.70%
Infosys
On a quarter on quarter, the street expects the dollar revenue to rise above 3 percent. In the last quarter, the reading was at $3,998 million.
The street expects the company to tighten the FY22 revenue guidance to  17.5-18.5 percent from 16.5-17.5 percent. If this happens, it might translate to an EPS (earnings per share) upgrade by investors.
In a CNBC-TV18 special segment ‘Quarter Se Quarter Tak’, Reema Tendulkar lists out key expectations from the largecap IT names such as Infosys, Tata Consultancy Services (TCS) and Wipro. Watch the video for details. 
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