Q2 results on October 9; all eyes on H-1B visa impact, rationale of planned layoffs
Indian IT sector set for steadier quarter with TCS, HCL Technologies, Persistent Systems, and Tech Mahindra announcing results. Kotak Institutional Equities expects 0.2-6% sequential growth and steady margins. Concerns include H-1B visa rules and impact of weak rupee. Focus on TCS’s planned layoff of 12,000 employees and Infosys’s expected 1.8% growth.