India's second largest IT services exporter Infosys Technologies is set to announce its results for the quarter ended December 2010 (Q3FY11) on January 13. According to CNBC-TV18 estimates, its net profit is expected to go up by 4.47% at Rs 1,814.69 crore as against Rs 1,737 crore in previous quarter.
Operating profit is also seen going up at Rs 2,139.7 crore from Rs 2,098 crore. Its dollar revenues are expected to go up by 6.68% to USD 1596 million and rupee revenues seen up at Rs 7,200.07 crore from Rs 6,947 crore (QoQ). CNBC-TV18's estimates the following as December quarter expectations- Revenues growth largely on back of volume growth
- Billing rates expected to remain flat
- EBIDTA expected to improve by 40 bps
- May add 12000 employees & up employee addn target
- May raise FY11 rev growth guidance to 27-27.5% from 24-25% earlier
- May raise FY11 EPS guidance to Rs 119-121 from Rs 115-117 earlier
- Expect 3-4% QoQ dollar revenues growth for March 2011 quarter
- Lack of clarity on budgets
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