Apr 16, 2014 at 19:10 | Source: CNBC-TV18
Wipro, the fourth largest software services exporter in India, is set to announce its fourth quarter (January-March) earnings on Thursday. According to CNBC-TV18 poll, the revenue is likely to rise 2.07 percent sequentially to Rs 10,541 crore and dollar revenue may increase 2.5 percent to USD 1719.6 million during the quarter.
Apr 16, 2014 at 18:07 | Source: CNBC-TV18
There is nothing to worry about, says Bhavin Shah, chief executive office, Equirus Securities, who adds that the rupee appreciation led to some of the negativity on the numbers.
Apr 15, 2014 at 16:26 | Source: CNBC-TV18
"Some clients have reduced businesses with Infosys and that is why we are seeing this muted revenue numbers in March quarter and also the muted guidance," Bhavin Shah of Equirus Securities said.
Apr 15, 2014 at 13:00 | Source: Moneycontrol.com
Infosys kicks off fourth quarter earnings session. It beats street by reporting fourth quarter net profit at Rs 2,992 crore, up 4 percent quarter-on-quarter. The company surprised the street with its dollar revenue growth guidance of 7-9 percent as against forecast of 6-8 percent. However, dollar revenues slipped 0.4 percent to USD 2,092 million.
Apr 15, 2014 at 11:29 | Source: CNBC-TV18
According to Hugh Young of Aberdeen Asset Management Asia, the changes being made at Infosys would take at least a year or two to show up in the companys financial performance.
Apr 15, 2014 at 11:25 | Source: CNBC-TV18
With BFSI recovering, discretionary spend going up and the US recovering, risk return looks favourable to Sandip Agarwal of Edelweiss Capital.
Apr 15, 2014 at 10:39 | Source: CNBC-TV18
Aberdeen Asset Management Managing Director Hugh Young says political turmoil has been Indias perennial problem and is skeptical about the country's image as an investment destination.
Apr 15, 2014 at 09:10 | Source: Moneycontrol.com
Infosys, India's second largest software services exporter, beat the street by reporting fourth quarter (January-March) net profit at Rs 2,992 crore, up 4 percent compared to previous quarter.
Apr 12, 2014 at 11:49 | Source: Moneycontrol.com
Both Citi and JP Morgan believe that for FY15, revenue growth guidance of may be around 6-8 percent. "We believe revenue growth guidance of around 6-8 percent Y-o-Y could be a starting point, given commentary on near-term headwinds, potential conservatism baked in the guidance and relatively higher exposure to discretionary spends," says Citi.
Apr 12, 2014 at 11:32 | Source: CNBC-TV18
According to CNBC-TV18 poll, Infosys' profit after tax is likely to fall 1.4 percent sequentially to Rs 2,835 crore, which is lower than company's guided range of -0.4 percent to 1.4 percent.