Infosys Q4, guidance shows recent optimism misplaced: Kotak

Infosys shares plunged 15 percent in early trade after its fourth quarter numbers and FY14 guidance fell way short of market expectations. Kotak Securities Friday termed Infosys’ fourth quarters numbers as ‘very very disappointing’, and said it expects to see a ‘sharp correction’ in the stock.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
Real-time Stock quotes, portfolio, LIVE TV and more.
GeStepAhead Travelcafe SME Special
moneycontrol.com

Home » News » Markets » Market news

Apr 12, 2013, 11.18 AM | Source: Moneycontrol.com

Infosys Q4, guidance shows recent optimism misplaced: Kotak

Infosys shares plunged 15 percent in early trade after its fourth quarter numbers and FY14 guidance fell way short of market expectations. Kotak Securities Friday termed Infosys’ fourth quarters numbers as ‘very very disappointing’, and said it expects to see a ‘sharp correction’ in the stock.

Like this story, share it with millions of investors on M3

Infosys Q4, guidance shows recent optimism misplaced: Kotak

Infosys shares plunged 15 percent in early trade after its fourth quarter numbers and FY14 guidance fell way short of market expectations. Kotak Securities Friday termed Infosys’ fourth quarters numbers as ‘very very disappointing’, and said it expects to see a ‘sharp correction’ in the stock.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Infosys shares plunged 18 percent to Rs 2383 in early trade after its fourth quarter numbers and FY14 guidance fell way short of market expectations .

Kotak Securities Friday termed Infosys’ fourth quarters numbers as ‘very very disappointing’, and said it expects to see a ‘sharp correction’ in the stock. The numbers could hit sentiment for other stocks in the sector as well, the brokerage said.
The company’s revenue guidance of 6-10 percent growth in FY14 is way below the Nasscom guidance of 12-14 percent for the industry as a whole.

"FY2014 (estimated) revenue guidance is 6-10% year-on-year, including acquisition impact-extremely  disappointing and bound to disappoint the Street and raise serious questions on recent optimism," said the Kotak flash note to clients.
"(The numbers)Validates our view that days of lazy extrapolation of last quarter results are (and should be) over for Indian IT," the note added.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Infosys Q4, guidance shows recent optimism misplaced: Kotak

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login