Goldman Sachs has initiated coverage on six Indian Information Technology services companies and expects the sector to see growth amid tailwinds from Generative AI and pent-up demand. While our overall sector revenue growth is in line with consensus, we see company specific divergence, and are ahead of consensus on Infosys and TCS,” Goldman Sachs said in a note. TCS is …
IT services firm LTIMindtree Ltd disappointed investors with its June quarter results, which were a mixed bad. “This is the first quarter when BFSI revenue has declined on a sequential basis since the company started reporting its results as a merged entity," pointed out a report from Emkay Global Financial Services Ltd. As a result, LTIMindtree's revenue growth recovery has …
Share Market Today: Sensex and the Nifty ended in the red after a sharp fall towards the end with IT stocks dragging the market, while PSU Bank sector remained steady. Share Market Noon Update: Sensex and Nifty shed marginally after remaining in green most of the session; IT sector drags with gaming cos feeling the heat of GST decision View …
