Despite some slowdown, the outlook for IT firms appears reasonable

Weak rupee, recovery in US, lower valuations and domestic market volatility are tailwinds

Tata Consultancy Services (TCS), Infosys and Wipro all declared their Q4 results last week and the analyst opinions and market response were both mixed. While TCS and Infosys lost ground, Wipro saw strong buying. Here are some of the things investors must consider when looking at the IT sector.

Wipro beat expectations reporting the best Q4 results in several years. Infosys saw weak quarter-on-quarter (QoQ) growth in revenues and marginal contraction in profits. This was below expectations. TCS disappointed the street going by a sell off after it had reported Q4 results, even though it seemed to deliver a reasonable