Infosys Q3 results: What you can expect from the IT major

IT major Infosys will declare its results for the third quarter ending December 31, 2011, on January 12.

In an interview to CNBC-TV18, Kawaljeet Saluja, associate director and head of research at Kotak Institutional Equities, speaks about his expectation from Infosys and gives his outlook going forward.

Also read: Infosys Q3 net seen up 22% to Rs 2322 cr

Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying videos.

Q: What is going to happen with the earnings performance and with the guidance?

A: We expect Rs 23 billion of earnings from Infosys. That equates to around Rs 40 of earnings per share (EPS) for the December quarter.

On revenue growth, we expect 3.4% quarter-on-quarter dollar revenues growth to USD 1.8 billion. The performance of the company is going to be closer to the lower end of the December quarter revenue growth guidance of 3.2% to 5.4%.

For FY12 the revenue growth guidance will be taken down from 19% at the upper end to 17.5%, whereas the lower end of the band at 17% will be retained.

On EPS, we expect the EPS guidance to be taken up from Rs 145 at the upper end of the band to Rs 150. That