IT Q1 Earnings Review: MOFSL likes HCL Tech and LTI Mindtree among largecaps, Persistent Systems in midcaps

| 7 Aug 2024 1:51 PM IST

The IT services companies within the Motilal Oswal Financial Sevices (MOFSL) Universe reported a strong performance, surpassing estimates in the June quarter (Q1FY25), with a median revenue growth of 1.2 percent QoQ in constant currency (CC). In a review note, brokerage house MOFSL observed a slight shift in focus for IT firms due to a mild recovery in discretionary spending among BFSI clients.

Tags: HCL TechITLTIMOFSL

Categories: Business & Economy

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