Patni Computer is to announce its first quarter CY11 results. According to CNBC-TV18's estimates, the company's Q1CY11 USD revenues are seen up 2.44% at USD 187.47 million versus USD 183 million, quarter-on-quarter, QoQ.
Its revenues are seen up 3.23% at Rs 846.5 crore versus Rs 820.03 crore. Its operating profit is seen up 5% at Rs 155 crore versus Rs 148 crore. Its OPM is seen up 18.31% vesus 18.04%. The company's net profit is seen down 27% at Rs 128.76 crore versus Rs 176.46 crore. Other income expected to be lower at Rs 28 cr vs Rs 61.6 cr(Forex gain in Q4 at Rs 36.38 cr($ 8.1 M)) Q1CY11 expectations* Expect revenue growth at 2.5% QoQ in USD terms
* Growth to be volume led 2.4% improvement and pricing improvement of 0.1%
* Currency will aid growth by 0.8%
* Last quarter Co stopped its usual practice of giving guidance on next quarter's revenue and profit to align with practices of new promoter, iGate
* Expect margin expansion of 27bps due to project ramp up
* Watch out for management commentary on much anticipated deal pipeline
* Need to keep eye on defection of employees amidst integration with iGate, client concentration and currency volatility
* What to look for: Large deal wins, timelines for integration with iGate, and attrition trend
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