Midcap IT companies such as Mindtree, Cyient, Mphasis and NIIT Technologies will report their earnings on Wednesday.
It is expected to be a good quarter for most of these midcap IT companies as second-quarter is a seasonally strong quarter and also due to rupee depreciation.
has seen a 60 percent jump on a year-to-date (YTD) basis. Growth in Q2 will be slower than what was seen in the prior quarter. Dollar revenue growth is seen at 3.5 percent, constant currency growth is seen at 4 percent. Margins will seen an improvement. FY19 guidance is likely to be maintained on both revenues as well as margins.
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