HDFC Securities expects Tier 1 IT vendors to report 2-6.9% QoQ USD revenue growth in 2QFY15E. ''Aided by consolidation of the Japanese JV (IT Frontier), we expect TCS to deliver the highest revenue growth for the quarter. Average rates of EURO/GBP/AUD have depreciated by 3.6/0.6/1.1% vs. USD in 2QFY15. Overall, we expect cross-currency movements to have a negative impact  of 50-80bps on USD revenues for the quarter,'' it said.

''We expect Infosys' USD revenues to grow by 2.9% QoQ in 2QFY15. We expect TCS to lead the pack by delivering a robust growth of 6.9% QoQ. This would be driven by organic growth of 4.2% and the rest on account of consolidation of the Japanese JV (IT Frontier),'' said HDFC Securities.

''Wipro is likely to deliver USD revenue growth of 2% QoQ, which would be within its guidance range (1.7-4% growth). Robust traction in IMS services is likely to aid HCL Tech's USD revenues to grow by 3.2% sequentially,'' it added.

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.