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

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. 

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Vidya is an accomplished news writer known for her expertise in transforming complex news stories into engaging infographics. With a sharp eye for detail and a talent for visual storytelling, Vidya makes intricate news captivating for our audience.

Vidya J S

Vidya is an accomplished news writer known for her expertise in transforming complex news stories into engaging infographics. With a sharp eye for detail and a talent for visual storytelling, Vidya makes intricate news captivating for our audience.

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