ICICIdirect has come out with its July-September quarter earnings estimates for the information and technology sector. The brokerage house expects Infosys to report a 1.8 percent growth quarter-on-quarter (growth of 22 percent year-on-year) in net profit at Rs 2937.5 crore.
Revenues are expected to increase by 3.6 percent Q-o-Q (up 2.1 percent Y-o-Y) to Rs 13236 crore, according to ICICIdirect.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.6 percent Q-o-Q (up 14.6 percent Y-o-Y) to Rs 3633.2 crore.
ICICIdirect on Infosys:
USD revenues could grow 2.5 percent Q-o-Q to USD 2,186 million led by demand uptick in key geographies like the US, Europe and large deal ramp-ups. Rupee revenues could grow 3.6 percent Q-o-Q to Rs 13,236 crore helped by 1 percent inter-quarter rupee depreciation relative to the dollar. EBIT margins could improve 40 bps Q-o-Q to 25.5 percent as absence of visa and wage hikes costs similar to Q1, currency tailwinds and operational efficiency could offset promotion and business reinvestment headwinds. Investor interest: update to FY15E guidance and attrition.
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