During Thursday's trading session, both IT stocks had a decline of less than 1% prior to the results announcement. Wipro shares were trading flat at ₹250.20 on the NSE, while Infosys shares were down 0.29 percent to ₹1,470.10 each.
2025 Q2 results: In the midst of celebrations, firms are preparing to release their September quarter results, marking the official start of the earnings season. On October 9, Tata Consultancy Services, one of the IT giants, announced the results of its second quarter, kicking off the season.Today, October 16, the IT behemoths Infosys and Wipro are scheduled to release their September quarterly results.
During Thursday's trading session, both IT stocks had a decline of less than 1% prior to the results announcement. Wipro shares were trading flat at ₹250.20 on the NSE, while Infosys shares were down 0.29 percent to ₹1,470.10 each.
Wipro vs. Infosys: Q2 preview
Global economic headwinds, uncertainties around trade, and a decline in discretionary tech spending continue to put pressure on the IT sector. However, the forecast is receiving some short-term support from the weaker rupee, better transaction activity, and anticipation of additional rate cuts by the U.S. Fed later this year, according to Sugandha Sachdeva, founder of SS WealthStreet.
Wipro vs. Infosys: Q2 preview
Global economic headwinds, uncertainties around trade, and a decline in discretionary tech spending continue to put pressure on the IT sector. However, the forecast is receiving some short-term support from the weaker rupee, better transaction activity, and anticipation of additional rate cuts by the U.S. Fed later this year, according to Sugandha Sachdeva, founder of SS WealthStreet.
According to Infosys Brokerages, the company's revenue would remain steady due to a little rise in big contract wins and extra funding from recent acquisitions.
Despite ongoing slowdown in discretionary technology spending, Kotak Equities anticipates a 1.8% quarterly revenue growth, powered by greater billing days and consistent performance in the financial services area.
Since the recently acquired Versent Group is not included in our projections, we anticipate that Infosys will increase its FY2026 revenue growth guidance from 1% to 3% to 2-3%. The brokerage firm stated, "The guidance implies a revenue decline of (-)1.1% to +0.2% in the next two quarters."
Despite ongoing slowdown in discretionary technology spending, Kotak Equities anticipates a 1.8% quarterly revenue growth, powered by greater billing days and consistent performance in the financial services area.
Since the recently acquired Versent Group is not included in our projections, we anticipate that Infosys will increase its FY2026 revenue growth guidance from 1% to 3% to 2-3%. The brokerage firm stated, "The guidance implies a revenue decline of (-)1.1% to +0.2% in the next two quarters."
Wipro analysts predict that the company's Q2 earnings will stay within its guidance range of -1% to +1% growth in constant currency (CC). With the Phoenix deal's initial ramp-up and other significant contracts signed earlier this year, Kotak Institutional Equities anticipates growth of about 0.2% quarter over quarter.
We anticipate growth of 0.2% c/c qoq, which is close to the middle of projections. The performance is better than the previous quarter's lackluster increase. Despite rupee devaluation, we predict an EBIT margin reduction of 40 basis points per quarter. The upfront expenses of big acquisitions are mostly to blame for the reduction. Given the recent boldness in large-deal pursuits, we anticipate a positive result with a large-deal TCV in the US$1.5 billion level. A revenue growth guidance of (-)0.5% to +1.5% is what we anticipate. The ramp-up of Phoenix and other mega-deals are the quarter's positives. Furloughs and a sluggish demand environment are the drawbacks, according to the trading business.
Which IT stock, Infosys or Wipro, should I purchase before the Q2 results?
Infosys, which has underperformed this year, fell from highs of about Rs. 1,955 to lows of about Rs. 1,288 before finding support and stabilizing, according to Sugandha Sachdeva of SS WealthStreet.
According to technical structure, Infosys has established a base around Rs. 1,300, and prices are currently holding above important moving averages, suggesting that a recovery may be imminent. A sustained breakout above the stock's immediate resistance level of Rs. 1,650 might pave the way for a medium-term move toward Rs. 1,820. Although confirmation of strength will rely on management guidance and earnings, value buying enthusiasm is evident," she said.
Infosys, which has underperformed this year, fell from highs of about Rs. 1,955 to lows of about Rs. 1,288 before finding support and stabilizing, according to Sugandha Sachdeva of SS WealthStreet.
According to technical structure, Infosys has established a base around Rs. 1,300, and prices are currently holding above important moving averages, suggesting that a recovery may be imminent. A sustained breakout above the stock's immediate resistance level of Rs. 1,650 might pave the way for a medium-term move toward Rs. 1,820. Although confirmation of strength will rely on management guidance and earnings, value buying enthusiasm is evident," she said.
In 2025, Wipro has also lagged behind, reflecting the IT index's overall decline. She added that the stock corrected and established a solid base between Rs. 232 and Rs. 220 by April after reaching a peak of Rs. 317.35 in early February. Wipro has been drifting sideways ever since, indicating a possible consolidation phase prior to a breakout.
The Rs. 265–Rs. 266 range is showing up as a crucial resistance level on the technical charts. A strong move above this range would start a significant rally, with upside targets set between Rs. 310 and Rs. 315—where the stock might encounter its next supply zone. Although confirmation of strength would rely on both Wipro's earnings performance and sector-wide clues, the setting points to a possible turning point for the company, Sachdeva continued.
The Rs. 265–Rs. 266 range is showing up as a crucial resistance level on the technical charts. A strong move above this range would start a significant rally, with upside targets set between Rs. 310 and Rs. 315—where the stock might encounter its next supply zone. Although confirmation of strength would rely on both Wipro's earnings performance and sector-wide clues, the setting points to a possible turning point for the company, Sachdeva continued.
But when compared to the results, Infosys seems to be in a better position because of its more favorable chart structure, more operational visibility, and stronger transaction wins, she said.
Additionally, macro trends might be helpful. According to reports, negotiations are underway between the United States and India to complete the first phase of a bilateral trade agreement, which may be a significant boost for Indian IT firms. Furthermore, rising anticipation of additional rate reduction by the US Federal Reserve may bolster sentiment for tech firms focused on exports, such as Infosys, according to Sachdeva.
Additionally, macro trends might be helpful. According to reports, negotiations are underway between the United States and India to complete the first phase of a bilateral trade agreement, which may be a significant boost for Indian IT firms. Furthermore, rising anticipation of additional rate reduction by the US Federal Reserve may bolster sentiment for tech firms focused on exports, such as Infosys, according to Sachdeva.
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