Florida on Sunday reported over 15,000 new cases, the most any state has reported in a single day since the pandemic began. On Friday also surpassed 70,000 new coronavirus cases nationwide for the first time ever. Many of Fauci’s assertions called into question by the White House official were based on the best available data at the time and were widely echoed by Trump, other members of the task force and senior White House officials.”When you learn more, you change those recommendations,” Surgeon General Jerome Adams, another member of the task force, told CBS News on Sunday.
According to brokerage houses, decline in profit for the June quarter could be in the range of 15 18 percent compared to the previous quarter, while constant currency revenue may decline around 8 percent sequentially with cross currency headwind of around 20 40 bps QoQ, which could be dented by ERD and BPO segments.”We expect constant currency revenue to decline by 7.8 percent QoQ and cross currency headwinds of around 20 bps. Hence, USD revenue is likely to decline by 8 percent QoQ.”We do not expect the company to resume annual guidance. However, the company may retain its earlier commentary on stabilisation in September quarter and growth in second half of FY21,” said Kotak Institutional Equities.Sharekhan also does not expect HCL Tech would resume FY21 revenue growth guidance given possibilities of second wave of lockdowns; but feels if the company provides revenue growth guidance for FY21, it could be in the range 2 percent and 5 percent.Operating margin for the quarter could see a decline of 150 250 bps compared to previous quarter due to lower revenue and pricing pressure.Find All Earnings Related News Here”EBIT margin is expected to decline by 198 bps QoQ despite rupee depreciation, lower traveling expenses, and cut in variable compensations, owing to lower revenue, lower pricing, and decline in utlisation,” said Sharekhan, while Centrum expects EBIT margin to decline by 170bps QoQ with headwinds from weak growth partially negated by tailwinds from INR depreciation.Key things to watch out for would be outlook on demand environment, commentary on external environment, FY21 guidance, if any, outlook on products business, pricing pressure, deal pipeline, DSO days, acquisition strategy, if any..
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