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H-1B pressure hangs over Indian IT earnings
Systematix expects large-cap IT firms to post 0–2% sequential U.S. dollar growth despite furloughs.
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IANS - Sat, 10, Jan 2026
- 01:33 EST
- 31
The Karnataka government's "work from home" advisory to contain the spread of the COVID-19 pandemic has turned India's tech hub into a ghost town, with the bustling campuses of IT majors like Infosys deserted as thousands of their techies are missing in action since Jan. 5. / IANS
The Karnataka government's "work from home" advisory to contain the spread of the COVID-19 pandemic has turned India's tech hub into a ghost town, with the bustling campuses of IT majors like Infosys deserted as thousands of their techies are missing in action since Jan. 5.
The stock market focus in the coming week will shift firmly to third-quarter earnings from India Inc., with heavyweight IT companies set to take center stage and drive index-level direction, analysts said jan. 10.
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HCLTech, TCS, Infosys, Tech Mahindra and Wipro — together accounting for nearly 13 percent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.
“Investor focus will be firmly on post-results management commentary and forward guidance. Key areas to watch will include trends in client IT budgets for the current year, signs of recovery in discretionary spending across industries, and hiring plans — especially in the context of tighter H-1B visa approvals,” said Ponmudi R., CEO of Enrich Money, a SEBI-registered online trading and wealth-tech firm.
Equally important will be updates on progress in AI-led technologies and infrastructure, which are increasingly being viewed as the next growth engine for the sector.
Earnings from Reliance Industries Ltd. will be another major trigger next week, given its significant weight in the indices. Investors will watch trends across the energy, retail and telecom businesses, with guidance on demand, margins and capital expenditure likely to drive sentiment, market watchers said.
Large-cap IT companies are likely to report sequential U.S. dollar revenue growth in the range of 0 percent to 2 percent, impacted by furloughs, in line with historical trends, and fewer working days, according to a Systematix note.
“Demand conditions remain largely unchanged, with subdued discretionary spending, cautious client sentiment amid macroeconomic uncertainty, and ongoing AI-led technology transitions,” it added.
Tier-1 IT players are expected to post 0.2 percent to 2.1 percent quarter-on-quarter U.S. dollar revenue growth.
While Tata Consultancy Services will declare its Q3 results Jan. 12, Infosys, a global leader in next-generation digital services and consulting, will announce its third-quarter results Jan. 14.
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