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Going forward, we don’t see any issues in aerospace, we will see good growth, said Ajay Aggarwal, CFO, Cyient Ltd.
In an interview to CNBC-TV18, Krishna Bodanapu, MD & CEO of Cyient spoke about the results and his outlook for the company.
Overall analysts expect good quarter for the company, given seasonality in DLM (design led manufacturing - products business).
IT firm Cyient is expected to report a 2.8 percent sequential growth in profit at Rs 100 crore and 2.4 percent growth in revenue at Rs 935.5 crore in October-December quarter.
Net Sales are expected to increase by 1.1 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 923.4 crore, according to Motilal Oswal
In an interview to CNBC-TV18, BVR Mohan Reddy, Founder & Executive Chairman of Cyient spoke about the results and his outlook for the company.
Net Sales are expected to increase by 3.9 percent Q-o-Q (up 11.8 percent Y-o-Y) to Rs 862.7 crore, according to Motilal Oswal
A number of large companies have posted results since the earnings season started Thursday last week.
Analysts say anything lower than 1.5 percent growth in dollar revenue will be a big disappointment.
Sales are expected to increase by 0.5 percent Q-o-Q (up 12.9 percent Y-o-Y) to Rs 819.7 crore, according to Motilal Oswal.
Softential, a Cyient company dealing in service operations management, was also a major dissapointment in FY16, bringing lower than anticipated revenues. But Bodanapu expects it to do better in the future and says it is going to fetch them little over $20 million in the coming year.
Headwinds from depreciation of the British pound (GBP) and other cross-currency movements may also negatively impact USD revenues by 30-50 basis points for the said quarter.
In an interview with CNBC-TV18, Krishna Bodanapu, CEO and MD of Cyient said that capacity output in Q3 was low due to fewer working days which resulted in a weak quarter. However, he expects better revenue in Q4.
Seventy percent of the margin improvement basically came from rupee depreciation and rest from operational efficiencies and high margin jobs, said Ajay Aggarwal, Senior VP & CFO, Cyient.
Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
IIFL analyst Sandeep Muthangi advises investors to add Infosys to their portfolios.
Cyient reported a mixed set of earnings with a miss on the revenue front and a beat on the margins. Krishna Bodanapu, MD & CEO of Cyient spoke about the results and his outlook for the company.
Dollar revenue is also estimated to decline 1.2 percent quarter-on-quarter to USD 116 million in Q1FY16 due to certain contracts being pushed out to Q2FY16.
Software firm Cyient is expected to post subdued growth in Q4 bottomline and operational front. According to a CNBC-TV18 poll, profit after tax is seen falling 22.6 percent sequentially to Rs 78 crore in the quarter ended March 2015.
According to Krishna Bodanapu, a project that the company was expecting to complete and bill in Q4 got pulled into Q3, aiding the margins quite significantly.
Krishna Bodanapu, MD and CEO, Cyient says that growth in Q2 was broad-based as growth in data network operations stood at 10 percent while top 20 clients grew at 6.1 percent.
Analysts expect dollar revenue growth to appear lower than the 7.8 percent growth reported in Q1 as Q1 had a USD 3.56 million revenue contribution from its acquisition Softential.
Infotech Enterprises is quite confident of its order backlog and pipeline and aims to delivering strong results going forward.
As far as the pricing environment goes, Krishna Bodanapu, President & COO of Infotech says the days of automatic price increases are over.