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The fourth quarter earnings season is picking up momentum and on Tuesday as many as 16 companies will announce their quarterly numbers. Key earnings to watch out include from Waaree Energies, Tata Communications and HCL Tech.Apart from the above, Cyient DLM, Havells India, Delta Corp, JMU Fintech, Mahindra Financial, Hathway Cable and Datacom, Choice International, Cistro Telelink among others will declare their results.HCL Technologies Q4 expectationsIT services company HCL Technologies is likely to see a sequential revenue drop in constant currency terms, in line with other IT peers, mainly due to seasonal weakness in the products business.Revenue from operations during the fourth quarter will be around 5% year-on-year (YoY), according to an average estimate of six brokerages. Net profit growth in the same period is seen 8% YoYEBIT margin is likely to decline sequentially, led by lower contribution of software sales; Residual wage hike will have -50 bps QoQ impact.Analysts believe HCL Technologies will guide for 3-5% revenue growth. Guidance will include a 100 bps contribution from the CTG acquisition. The EBIT margin guidance band is expected around 18-19% and likely to stay unchanged.Investor focus will be on decision-making slowdown and the impact of macro deterioration on the overall business, new deal TCV that has been fairly modest over the past few quarters, impact to revenues, if any, from the Verizon deal anniversary, revenue growth in the June quarter, a seasonally weak quarter for the company.Within IT services, growth in BFSI, Hi-Tech and inorganic contribution of HPG CTE will be offset by the ramp-down/offshoring at Verizon and negative impact of foreign exchange."Overall, on a QoQ basis, we expect organic CC decline of 1.7% and c1% decline in USD terms. We expect seasonally lower revenues for the products business, flat QoQ revenue for IT services and modest growth for their ER&D business," said HSBC.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)