October 13, 2016 / 17:43 IST
ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Technology sector. The brokerage house expects
Infosys to report net profit at Rs 3532.7 crore, up 2.8 percent quarter-on-quarter.Revenue is expected to increase by 2.2 percent Q-o-Q (up 9.7 percent Y-o-Y) to Rs 17150.9 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.5 percent Q-o-Q (up 6.8 percent Y-o-Y) to Rs 4645.1 crore.
ICICI Securities' report on InfosysUS$ revenues could grow 2.4% QoQ to $2,560 million led by deal ramp-ups. Constant currency revenues could grow 3% QoQ while those in rupees may grow 2.2% to Rs 17,150 crore. EBIT margins may increase 60 bps QoQ to 24.7% led by operational efficiency and absence of visa cost & wage hike. Investor interest: update to FY17E growth guidance post RBS deal cancellation and currency volatility, pricing trends, large deal TCV, outlook across verticals and geographies.
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. 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
