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After Infosys cheered the market on Wednesday, all eyes will now be on Tata Consultancy Services, which reports its second quarter earnings on Monday.
Emkay has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, HCL Tech September quarter net sales are expected to go up by 15.4% at Rs 4966.5 crore, quarter-on-quarter, (QoQ) basis.
Motilal Oswal has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, HCL Technologies September quarter net revenue is expected to go up by 7.9% at Rs 4641 crore, quarter-on-quarter, QoQ basis.
The second quarter (July-September) earnings season will gather momentum shortly as technology major Infosys unveils its numbers on Wednesday. IT companies had a disappointing first quarter, as wage hikes and an uncertain business environment in the US and Eurozone chipped away at the operating margins.
PINC Research has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, HCL Technologies September quarter net revenue is expected to go up by 14.9% at Rs 4944 crore, quarter-on-quarter (QoQ) basis.
Infosys is expected to announce its second quarter result on October 12. Most experts feel that the recent fall in the rupee will help boost Q2 earnings of the Indian IT companies like Infosys. Ashwin Mehta from Nomura India too feels that Infosys is likely to benefit most from the rupee's depreciation.
HCL, which counts Microsoft, IBM, HP and Oracle as partners, said it was seeing a significant churn among vendors. "The deals in pipeline are bigger than ever before with October-December being the biggest quarter in terms of booking orders. With this our working capital cycle too is seen declining consistently," the management pointed out.
HCL Technologies is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Dollar revenues are seen up 6.07% at USD 970 million versus USD 914.5 million.
In an interview with CNBC-TV18, Viju George, executive director of JPMorgan said, Tata Consultancy Services has delivered a very good set of numbers. However, that, he said, does not lead to any earnings per share (EPS) upgrades. “The street has not also majorly revised upwards EPS numbers for FY12 and FY13,” he added.
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.
The first quarter earnings season will gain momentum with technology bellwether Infosys announcing its first quarter (April-June) numbers on Tuesday. The results, which come amidst economic uncertainties in Europe and margin pressures back home, will set the tone for the overall IT sector performance this quarter.
Angel Broking has come out with its earning estimates on IT sector for the quarter ended June 2011. According to the research firm, HCL Technologies June quarter net sales are expected to go up by 4.9% at Rs 4,340 crore, quarter-on-quarter, (QoQ) basis.
India's largest IT software services exporter Tata Consultancy Services (TCS) reported its fourth quarter net profit at Rs 2402 crore, a growth of 3% from its previous quarter net profit of Rs 2,330.2 crore (US GAAP).
HCL Technologies Wednesday reported strong third quarter earnings that beat analysts forecast by a wide margin. However, some analysts remain cautious given the inconsistent earnings performance and inadequate conversion of profit into cashflow in the past.
Software services firm HCL Technologies' third quarter (January-March) numbers beat analysts estimates by a comfortable margin. In an interview with CNBC-TV18’s Udayan Mukherjee, Vineet Nayar, VC and CEO, HCL Tech and Anil Chanana, CFO, HCL Tech, speak about the results and give their outlook going forward.
HCL Tech is the star performer as third quarter results have beaten street expectation. Its growth is led by strong improvement in margins and growth across verticals. Analysts are expecting an upgrade for the stock.
Ashwin Mehta, Research Analyst from Nomura, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective of HCL Tech's fourth quarter performance and divulged his expectations from the company going forward.
India's fourth largest IT software services exporter HCL Technologies is set to report 8.6% growth in its third quarter consolidated net profit of Rs 430 crore as against Rs 400 crore in the quarter ended December 2010, as per US GAAP
Prabhudas Lilladher has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies quarter sales are expected to go up by 32.2% at Rs 4064.6 crore, year-on-year, (YoY) basis.
Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
Emkay Global Financial Services has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies quarter sales are expected to go up by 4% at Rs 4035.4 crore, quarter-on-quarter, (QoQ) basis.
Motilal Oswal has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies quarter sales are expected to go up by 4.6% at Rs 4041.4 crore, quarter-on-quarter, (QoQ) basis.
Angel Broking has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies March quarter sales are expected to go up by 7.6% at Rs 4,186 crore, quarter-on-quarter, (QoQ) basis.
PINC Research has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies March quarter sales are expected to go up by 4.2% at Rs 4026 crore, quarter-on-quarter, (QoQ) basis.
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, HCL Technologies March quarter sales are expected to go up by 4% at Rs 4,032 crore, quarter-on-quarter, (QoQ) basis.