After strong Q3 results, will the top IT stocks sustain high valuations?
Among the three, Infosys reported the strongest revenue and deal momentum for the third quarter.
A spate of large deal wins amid higher operating margins improves the revenue and profit visibility, which should help their stocks defend the current high valuations.
ET Intelligence Group: Vendor consolidation in the global technology sector is turning out to be in favour of the Indian software exporters. On Wednesday, Infosys and Wipro, the country’s second and the fourth largest IT companies in that order, reported strong December quarter numbers along with a sustained traction in deal wins. This was similar to their biggest peer TCS, which declared results last Friday. A spate of large deal wins amid