IT sector Q4 results review: Mixed numbers, cautious outlook; what's the road ahead?
Indian IT companies have posted mixed Q4FY23 results impacted by the economic slowdown in the US and Europe. HCL Technologies beat estimates in terms of profitability while Infosys and TCS missed estimates.
On expected lines, the January-March quarter (Q4FY23) numbers of Indian IT companies came on the softer side with signs of stress due to the economic slowdown in the key markets including the US and Europe. Their numbers were mixed but the management commentary hinted that the road ahead was challenging.
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