In an interview to CNBC-TV18, Urmil Shah, AVP Research Analyst at IDBI Capital, Sanjeev Hota, AVP Research at Sharekhan, Girish Pai of Nirmal Bang Institutional Equities and Trip Chowdhry of Global Equities Research shared their readings on Infosys Q2 earnings as well as their outlook on how the stock would react in today’s trading session on the back of its quarterly numbers.
Overall, first quarterly result of Infosys, after Nilekani takes over office is about a refocus on earlier defined strategic and operational priorities.
A cut in revenue guidance and no significant update on the CEO front could weigh on the software major's stock when it next opens for trading.
In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services gave his take on what Infosys might deliver.
Analysts expect revenue to increase 3.2 percent sequentially to Rs 17,630 crore and dollar revenue to grow 3.3 percent to USD 2,738 million in the quarter ended September 2017.
Net Sales are expected to increase by 3.2 percent Q-o-Q (up 1.9 percent Y-o-Y) to Rs. 17630.3 crore, according to Kotak.
Wipro Q1 FY18 earnings beat expectations but guidance disappointed the street- the board has also approved a Rs 11,000 crore buyback. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his readings and outlook on the same.
With lack of conviction on sustaining growth, limited margin levers and likely pricing pressure from legacy contracts, CLSA remained unconvinced of differentiation and stayed underperform on the stock.
Here's a detailed analysis of the Q1 show by information technology major Infosys.
In rupee revenue terms, TCS and Infosys each posted 0.2 percent degrowth.
IT giant Infosys beat analysts' expectations on earnings front in the quarter ended June 2017. To discuss the quarterly performance and the outlook going forward CNBC-TV18 spoke to Vishal Sikka, MD & CEO, Pravin Rao, COO and MD Ranganath, CFO of Infosys.
Infosys added 6 clients in USD 25 million category, 1 client in USD 10 million category and 8 clients in USD 1 million band but the client addition in USD 100 million category reduced to 18 from 19 QoQ.
Watch accompanying videos of Infosys management addressing press conference regarding company’s Q1 FY18 performance.
Tata Consultancy Services (TCS) posted a disappointing performance in Q1 FY18. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his reading and outlook on the same as well as his expectations from Infosys’ Q1 FY18 numbers.
Net Sales are expected to decrease by 0.6 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs 17015 crore, according to Edelweiss. Infosys to report net profit at 3495.2 crore down 3% quarter-on-quarter.
Subdued Q1 earnings numbers are expected for Tata Consultancy Services (TCS) due to a slowdown in the Banking, Financial services and Insurance (BFSI) segment and weak retail business. A rise in visa costs and appreciating rupee are also seen denting margins. In an interview to CNBC-TV18, Ravi Menon, Analyst, IT Services at Elara Capital shared his expectations on the numbers.
Analysts feel the large deal pipeline continued to be healthy but skewed towards renewals rather than new wins.
In an interview with CNBC-TV18, Urmil Shah, AVP-Research Analyst at IDBI Capital and Karan Taurani, Senior Analyst at Dolat Capital shared their readings and outlook in HCL Technologies'Q4 numbers.
In an interview with CNBC-TV18, Rajesh Gopinathan, CEO & MD, NG Subramaniam, COO, V Ramakrishnan, CFO and Ajoyendra Mukherjee, Executive VP & Head-Global HR at Tata Consultancy Services (TCS) spoke about the results and gave their outlook for the company.
The first week of the quarterly result season wasn’t just about the performance of IT bellwether Infosys. There were quite a few hits and few misses that should vie for investor attention.
Revenue in dollar terms is likely to rise 2.1 percent quarter-on-quarter to USD 4479.5 million in Q4.
Infosys fourth quarter numbers and guidance were unimpressive, but the payout policy could cushion near term downside in the stock price.
The North American market accounts for over 62 percent of Infosys' revenue. For the quarter ended March 2017, revenue from this market grew 1.3 per cent sequentially for the company.
The IT major on Thursday reported a consolidated profit at Rs 3,603 crore for the January-March quarter, de-growth of 2.8 percent from Rs 3,708 crore in previous quarter.