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IT Sector Q2 Result Preview— From Revenue To Margin Outook, How will TCS To Infosys And Other IT Firms Perform
Systematix retains its target prices for TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Sonata Software, and R Systems.
08 Oct 2025, 07:13 PM IST 
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NIFTY IT index trades at 24 times last twelve months PE—17% below its five-year average and in line with its 10-year average.
(Photo: Lucas Santos/ Source: Unsplash)
The demand environment remains largely unchanged since Q1, as clients continue to exercise caution on discretionary spending. Key developments during the quarter included TCS layoffs, a steep $100,000 fee hike in H1-B visa and 25% outsourcing tax proposed by President Trump.
