The July-September quarter, historically a strong one for most Indian IT firms, will be different this year, with many firms likely to issue a downward dollar guidance or post figures that could hover along the lower band of the guidance they have provided. For instance, India's second largest IT services provider, Infosys, has always been the bellwether for IT companies. This quarter, however, in all likelihood, analysts expect it to downgrade its US dollar guidance for the year. Flat pricing and volume growth of 3 per cent, according to Enam analysts, are likely to help the company meet the lower end of the guidance. Issues to watch out for include headcount addition, revision in annual guidance and counter-strategy (in response to HCL Technologies' bid) on the Axon acquisition. Tata Consultancy Services, India's largest IT...
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