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    Mindtree, Cyient, Mphasis, NIIT Technologies Q2 results today: Key things to watch

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    Mindtree, Cyient, Mphasis, NIIT Technologies Q2 results today: Key things to watch

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    Midcap IT companies such as Mindtree, Cyient, Mphasis and NIIT Technologies will report their earnings on Wednesday. 

    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.
    • Mindtree
    • 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.
      • NIIT Technologies shares have rallied about 70 percent in 2018. Q2 is a seasonally strongest quarter for the company, so dollar revenue growth will be at 3.8 percent, constant currency growth above 4 percent, margin expansion to take place by more than 100 basis points, the company has been reporting an improvement in its order inflow.
        • Mphasis has seen a rally of more than 50 percent so far this year. Q1 was not great for Mphasis as the growth was a bit subdued due to a slowdown in their India revenues. So compared to the prior quarter, growth is likely to see a pick up this time.
          • Cyient’s dollar revenue growth will be about 4.8 percent, margins will improve by 90 basis points to 13.1 percent. The company has already given its FY19 guidance so on the revenue front, which is likely to be maintained but on the margin front, they had indicated that the margins will be flat this year.
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