Will TCS, Infosys deliver in seasonally strong September quarter?

There is unlikely to be any show of strength when ... moreThere is unlikely to be any show of strength when companies announce results for the seasonally strong Q2. Organic growth is estimated at 2.4% sequentially for the top four IT firms, almost the same as the growth in Q1. Year-on-year revenue growth of industry leader Tata Consultancy Services Ltd (TCS) is expected to fall to single-digit levels, after four consecutive quarters of double-digit growth. Indian IT companies have been sounding cautious about tech spending in the banking and financial services (BFS) vertical.