IT sector Q1 preview: Margins to remain under pressure, focus on guidance

The corporate result season for the first quarter of financial year 2022-23 is just around the corner. It will be kicked off by IT bellwether Tata Consultancy NSE 0.99 % Services’ earnings on Friday, July 8.

If one goes by what analysts say, then the June 2022 quarter will be a mixed bag for the IT players where margins might remain under pressure, but rupee depreciation may provide some respite. “Management guidance on demand and recovery would remain at focus,” they said.