{"id":12400,"date":"2022-10-17T15:50:57","date_gmt":"2022-10-17T10:20:57","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12400"},"modified":"2022-10-17T15:50:57","modified_gmt":"2022-10-17T10:20:57","slug":"it-firms-saw-their-fundamentals-rebounding-in-q2fy23","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/it-firms-saw-their-fundamentals-rebounding-in-q2fy23\/","title":{"rendered":"IT firms saw their fundamentals rebounding in Q2FY23"},"content":{"rendered":"

Among the major IT companies, TCS was the first to release Q2FY23 results on October 10. Following this, several tech behemoths who had recently seen their shares fall in value, have posted their Q2FY23 results. Investors have therefore begun appraising companies based on their results and rearranging their portfolios in advance of the festive season and the end of Q2FY23.<\/span><\/p>\n

TCS, the market leader in the IT space has beat all estimates by posting excellent results, whose analysis could be found on the Univest website. While it is important to analyse each company individually, it is also important to compare their performances with their IT peers, to check which companies are performing better than the industry\u2019s average. So, today we shall analyse the Q2FY23 numbers of three other IT giants, which announced their results last week. This includes Wipro with a market cap of 206,973 crores, Infosys with a market cap of Rs 620,338 crores & HCL Tech with 272,058 crores.\u00a0<\/span><\/p>\n

Two of the three companies saw their revenues as well as profits growing in Q2FY23, and did manage to report a decent quarter. This includes HCL Tech & Infosys which has shown positive growth while Wipro was the only player which was lagging behind. TCS, the market leader also saw robust YoY growth despite moonlighting & other issues such as high attrition acting as headwinds.<\/span><\/p>\n

\"Wipro<\/span><\/p>\n

Even the shares of all these top 4\u00a0 IT companies have lost more than 25% on an average since the beginning of this year. This means their current valuation is quite low, which may be an opportunity for investors in the long term. Therefore, to check whether this is applicable or not let\u2019s analyse their quarterly results & understand what lies ahead for the IT firms.<\/span><\/p>\n

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