Infosys Q1 PAT may fall 4.3% to Rs 3440.8 cr: Edelweiss Fin

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Edelweiss Financial Services has come out with its first quarter (April-June) earnings estimates for the technology sector. The brokerage house expects Infosys to report a 4.3 percent degrowth quarter-on-quarter (growth of 13.6 percent year-on-year) in net profit at Rs 3440.8 crore.Revenues are expected to increase by 3.9 percent Q-o-Q (up 19.8 percent Y-o-Y) to Rs 17201.4 crore, according to Edelweiss Financial Services.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.3 percent Q-o-Q (up 23 percent Y-o-Y) to Rs 4625.6 crore.Edelweiss Financial Services' Report on Infosys:Revenue growth of 4.2 percent Q-o-Q in USD terms(4.6 percent in CC). EBITDA margins to contract 110bps Q-o-Q impacted by visa cost and wage hike. We expect Infosys to maintain 11.5-13.5 percent constant currency revenue growth guidance for FY17. Commentary on deal wins and progress on 2020 vision.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.