Earnings upgrade continues; eyes on mobile PLI customer wins
* Dixon beat revenue/EBITDA estimates by 17%/25%, with a strong show in the consumer electronics segment...
Margin and value play!
Cyient’s reported EBIT margin for Q2FY21 was 200bps ahead of our estimate led by strong margin expansion in both services (540bps QoQ) an..
Margins continue to be healthy…
MindTree reported 3.1% QoQ growth in dollar revenues, mainly led by higher growth in BFSI and retail and CPG & manufacturin..
Stellar execution in both revenue & margin continues
As enunciated in our sector note (link), we believe, in addition to industry-leading revenue growth (within l..
Healthy operating performance and guidance…
Wipro reported a healthy set of Q2FY21 numbers. IT services revenues increased 2.0% QoQ in constant currency (CC) t..
All-round beat; Highest ever deal wins
Revised FY21 guidance still conservative; Reiterate Buy
* Infosys (INFO)’s 2QFY21 revenue and margin performance were..
The devil ‘may be’ in the detail!
Some dimensions of Wipro’s new strategy were long overdue and are hence welcome. These are: 1) higher large deal f..
Strong quarter; modest near-term outlook
HCL Technologies’ (HCLT) reported revenue and EBIT margins were ahead of our estimates. Barring a few key segments (e.g..
Operationally healthy performance….
HCL Technologies (HCL) reported a healthy set of Q2FY21 numbers and revised its margin guidance upwards from 19.5-20.5% to ..
Buy HCL Technologies Ltd For Target Rs.1,010 - HDFC Securities
HCL Tech won 15 transformational deals in Q2FY21 vs. 11 transformational deals in ..
On recovery trajectory
The IT sector (coverage universe) is expected to bounce back to +3.2% QoQ in 2QFY21E, following a 6% QoQ decline in 1QFY21. We expect tier-1 IT ..
Getting back on track
We maintain our BUY rating on Tech Mahindra, based on better-thanexpected growth and improving margin profile. USD revenue was up 2.9% QoQ CC vs..
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