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Talking about HCL Tech's performance its VC and CEO Vineet Nayyar said the growth was led by 6.5% increase in volumes. "The transformation segment saw a 6% QoQ growth. Also, healthcare, manufacturing, financial services, retail and CPG were big volume drivers. There was 15% sequential growth from the rest of the world," he pointed out.
India's fourth largest software services exporter HCL Tech is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 366.7 crore in Q2 as against Rs 331 crore in Q1FY11.
According to Srishti Anand, IT Analyst, Angel Stock Broking, Infosys’ FY11 EPS would be close to Rs 121. “We are looking at close to 10-11% kind of upsides. Right now, price target is Rs 3,560 and we may revise it upwards,” she adds.
The earning season is fast approaching with Information Technology major Infosys declaring their quarter results this week. In an exclusive interview to CNBC-TYV18 Kawaljeet Saluja, Associate Director and the Head of Research at Kotak Securities said that he expects Infosys revenue growth in terms of dollar to grow at 7.5% this quarter.
The IT sector will soon kick start the earnings season. Sandip Agarwal of Antique Stock Broking and Ganesh Duvvuri of Edelweiss Capital, in an interview on CNBC-TV18, agree that TCS’ earnings growth will be slightly better than Infosys.
Karvy Stock Broking has come out with its earning estimates on IT sector for the quarter ended December 2010. According to the research firm, HCL Technologies December quarter sales are expected to go up by 4.8% to Rs 3783.4 crore, Quarter-on-Quarter, (QoQ) basis.
KRChoksey has come out with its earning estimates on IT sector for the quarter ended December 2010. According to the research firm, HCL Technologies December quarter sales are expected to go up by 3% to Rs 3,812 crore, Quarter-on-Quarter, (QoQ) basis.