ICICIdirect has come out with its fourth quarter (January-March) earnings estimates for the technology sector. The brokerage house expects Infosys to report a 0.9 percent degrowth quarter-on-quarter (growth of 7.6 percent year-on-year) in net profit at Rs 3220.2 crore.
Revenues are expected to increase by 0.8 percent Q-o-Q (up 8 percent Y-o-Y) to Rs 13901 crore, according to ICICIdirect.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.1 percent Q-o-Q (up 8.7 percent Y-o-Y) to Rs 3958.7 crore.
ICICIdirect's Report on Infosys:
USD revenues could grow 0.6 percent QoQ to USD 2,231 million as weakness in BFSI and energy verticals may weigh. Rupee revenues could grow 0.8 percent QoQ to Rs 13,901 crore helped by 0.5 percent inter-quarter depreciation in the average rupee rate relative to the dollar. EBIT margins may decline 20 bps QoQ to 26.5 percent as operational efficiency (utilisation, offshoring, productivity) could partially offset cross currency and S&M investment headwinds. Investor interest: FY16E guidance, large deal TCV signings, key verticals outlook, capital allocation strategy and attrition.
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