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Krishna Bodanapu, President & COO, Infotech Enterprises told CNBC-TV18 that he still believes that the company will have a better year as compared to last year.
Operating margins for Infotech Enterprises slipped by 120 bps this quarter, says Krishna Bodanapu, Infotech Enterprises, the reason being a shift in the company‘s business from onshore to offshore.
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
Infotech Enterprises reported a consolidated sales turnover of Rs 475.12 crore and a net profit of Rs 60.12 crore for the quarter ended Dec '12. The company‘s other income for the quarter stood at Rs 17.04 crore.
Angel Broking has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect volume growth to be in the range of 2-3% qoq for tier-I IT companies, with TCS leading the pack. Pricing is expected to remain stable. For tier-II companies, we expect growth to be modest at 1.0-8.0% qoq, with Tech.
Infotech Enterprises‘ net profit fell by 22% to Rs 50.3 crore in the second quarter of current financial year 2012-13 from Rs 64.7 crore in the previous quarter. BVR Mohan Reddy, CMD, Infotech Enterprises, tell us the reasons for the decline.
Angel Broking has come with its September ‘12 quarterly earning estimates for IT sector. According to the research firm expects 2QFY2013 to be better than 1QFY2013.
BVR Mohan Reddy, chairman and managing director of Infotech Enterprises says, the company will do better than the industry norm. "The industry norm is running at about 10-14%, we will be more than that 14% number," he adds.
Angel Broking has come with its earning estimates on IT sector for June quarter. The research firm expects 1QFY2013 to be better than 4QFY2012.
Angel Broking has come out with its results estimates on Information Technology sector for March FY12.
Due to a strong pipeline, Infotech’s chairman and managing director, BVR Mohan Reddy tells CNBC-TV18 that they are confident of maintaining margins around 18-20% in the next few quarters.
Angel Broking has come with its quarterly earning estimates for software sector.
Chairman and managing director of Infotech Enterprises, BVR Mohan Reddy breaks down his company's second quarter results on CNBC-TV18.
Infotech Enterprises is likely to report a rise of 14.2% quarter-on-quarter in profit after tax of Rs 29 crore in the July-September quarter of 2011. The company had posted a profit of Rs 25.4 crore in the previous quarter.
Indian mid-cap IT companies are likely to see a modest revenue growth in April-June on stable demand, but most would see profits and margins squeezed by wage hikes and higher taxes.
Angel Broking has come out with its earning estimates on IT sector for the quarter ended June 2011. According to the research firm, Infotech June quarter net sales are expected to go up by 3.5% at Rs 337 crore, quarter-on-quarter, (QoQ) basis.
Infotech Enterprises has declared its fourth quarter results. BVR Mohan Reddy, CMD, Infotech Enterprises says, the company is targeting margins of 17%. However, he quickly adds that it will take a couple of quarters before the company gets to those numbers.
Engineering solutions provider Infotech Enterprises is expected to post good set of numbers for the quarter ended March 2011 led by pricing improvement
Angel Broking has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Infotech March quarter sales are expected to go up by 7.3% at Rs 336 crore, quarter-on-quarter, (QoQ) basis.
Infosys Technologies will announce its third quarter results tomorrow. In an interview with CNBC-TV18, Sandeep Muthangi, IIFL Institutional Equities, speaks about his expectations from the IT bellwether.
Karvy Stock Broking has come out with its earning estimates on IT sector for the quarter ended December 2010. According to the research firm, Infotech Enterprises December quarter sales are expected to go up by 3.5% to Rs 305.8 crore, Quarter-on-Quarter, (QoQ) basis.