BP Equities has come out with its earnings estimates on Infosys for the quarter ended June 12 (Q1FY13). According to the research firm, the company's Q1FY13 sales are likely to go up by 7.8% at Rs 9539.4 crore, Quarter-on-Quarter (QoQ) basis.
The company's net profit is seen up 4.2% at Rs 2412.5 crore, QoQ. BP Equities report on Infosys: Margins expansion to be limited due higher wage and visa cost. Management guided for a 200 bps decline in margins Pricing to remain more or less stable with a negative bias. We expect the management to lower FY13E dollar guidance and be in the range of 7-9% for FY13E. Growth to resume from Q2 FY13EDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
