Infosys Techologies had already come out with its Q2 ,2009 results on Oct 10th. Now its the time for the other heavy weights in the Indian IT sector to come out with their Q2 2009 results. You can check the Q1 2009 results for TCS here. And this time TCS is coming out with its Q2 2009 results on Oct 22nd 2008. TCS stock has been beaten badly in the markets off late. And it has tested new lows of 490-500 levels very recently.

The third largest IT company of India Wipro Technologies will also announce its Q2 2009 results on the same date of Oct 22nd,2008. And Satyam Computers will announce its Q2 2009 results on Oct 17th 2008. All the results will have a significant impact as they are considered heavy weights in the sensex stocks especially Infosys Technologies.  So we need to keep an watch on their second quarter performance.

Due to the weak dollar and it touching 48-49 levels against Indian currency, the IT companies are expected to announce better than expected results. But going forward the times are tough given the financial turmoil in the US and world over as they get about 50% of their revenues from these markets. Their guidance for the coming quarters may be considerably down just like Infosys.

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