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TCS Q1 numbers a disappointment, Street positive on Infosys: Saurabh Jain

Interview with associate vice president - Research (Equity) at SMC Global Securities

Saurabh Jain, Head-Fundamental Research at SMC Global Securities
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Saurabh Jain, Head-Fundamental Research at SMC Global Securities

Aprajita Sharma New Delhi
TCS and Infosys kick started the Q1FY18 results season for the information technology sector. SAURABH JAIN, Associate Vice President - Research (Equity) SMC Global Securities tells Aprajita Sharma that the Street will turn positive on Infosys post its numbers. He also shares his market outlook for the rest of the year. Edited excerpts:

What are your takeaways from the Q1 results of Infosys and TCS?

TCS results disappointed the Street as margins came lower, but the company has started broad-basing its client additions in the $10 million category. It added 10 clients in $10 million category in Q1. The company