ICICIdirect.com has come out with its third quarter (September-December) earnings estimates for the information & technology sector. The brokerage house expects Infosys to report a 15.1 percent growth quarter-on-quarter (up 16.9 percent Y-o-Y) in net profit at Rs 2,769.3 crore.
Revenues of Infosys are expected to increase by 0.5 percent Q-o-Q (up 25 percent Y-o-Y) to Rs 13,030.5 crore, according to ICICIdirect.com.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.3 percent Q-o-Q (up 17.7 percent Y-o-Y) to Rs 3497 crore.
ICICIdirect.com's Report on Infosys:
USD revenues could grow 1.7 percent Q-o-Q to USD 2,102 million led by demand uptick in the US and BFSI, while rupee revenues could grow 0.5 percent Q-o-Q to Rs 13,030 crores.
Adjusted EBIT margins could improve 59 bps Q-o-Q to 24.2 percent due to cost rationalisation efforts and absence of one-time legal cost incurred in Q2FY14 partially offset by rupee appreciation. Revision of FY14E guidance, CY14E budgeting cycle trends could be of investor concern.
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