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    Big IT’s strong deal flows in Q2 hint at possible rebound later in the year

    For investors, all this boils down to waiting and watching for a recovery in the coming quarters. This may make their stock prices range bound in the near term.

    Synopsis

    After a subdued second quarter show by TCS on Wednesday, Infosys and HCLTech reported numbers on Thursday. Infosys beat the average analyst estimates in terms of revenue and net profit. While HCLTech disappointed on the revenue front, its net profit was above expectations. Each of the two companies also declared their respective highest total contract value (TCV) of new deals

    ET Intelligence Group: The September quarter numbers reported by the country’s top three IT exporters, including Tata Consultancy Services (TCS), Infosys, and HCL Technologies (HCLTech), reflect a common broader trend: a possibility of revival in the revenue momentum in the second half of the current fiscal year against the backdrop of strong deal wins as clients push project ramp ups ahead. While execution delays have marred the performance of
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    The Economic Times