Religare Institutional Research expects divergent growth from Indian IT in Q4FY14 with USD revenues growing in the range of -0.3% to +3% QoQ for large players.

''TCS and HCL Technologies are likely to be in the top quartile, while Wipro's growth is expected to converge with that of peers. Margins are broadly expected to be stable, though other income will be hit by translation losses due to rupee appreciation towards the quarter-end,'' said Religare.

''Guidance for the year and demand commentary will be the key factors to watch during the results. We remain positive on the IT space and maintain our preference for large-caps over mid-caps,'' it opined.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.