In an interview with CNBC-TV18, BVR Mohan Reddy, Executive Chairman of Cyient spoke about the latest happenings in his company and sector.
India's largest software company confirmed this morning that it would consider doing a buyback on February 20.
Speaking from the sidelines of an investor conference held by Antique Stock Broking, KPIT Technologies senior VP and corporate finance head Anil K Patwardhan told CNBC-TV18‘s Anuj Singhal and Reema Tendulkar the company was confident of meeting the USD 498 million revenue forecast it had laid out earlier for the full fiscal year.
In an interview to CNBC-TV18, Krishna Bodanapu, MD & CEO of Cyient, said the business momentum in the current year is better than last year.
Krishna Bodanapu, President & COO, Infotech said Softential buyout will allow Infotech to provide better services to its telecom clients and add to its margins.
The company has articulated an acquisition strategy that will help in fulfilling gaps in terms of capabilities or geographic locations and given the resources at the company‘s disposal, the only limiting factor is the management bandwidth, says Krishna Bodanapu, President & COO of Infotech.
Though Krishna Bodanapu, President and COO of Infotech Enterprises feels that the company may face some short-term challenges in Q4, he is confident of things being positive in FY14.
Infotech Enterprises was included in the CNX IT Index. BVR Mohan Reddy, CMD of Infotech Enterprises in an interview to CNBC-TV18 said it was very gratifying that their company was included in the CNX IT Index.
BVR Mohan Reddy, CMD, Infotech Enterprises, says that in Q1 our volume growth was 2%, excluding foreign exchange and we may see Q2 growth in the range of 4%. We are expecting 3% growth in engineering, 5% growth in our utilities, telecom and content engineering market. This will give the company an overall average growth of 4%.
Chairman and managing director of Infotech Enterprises BVR Mohan Reddy tells CNBC-TV18 that the company will post revenue growth of 25-26% in rupee terms and operating margins of 17-17.5% for FY12.