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Revenue is seen rising 5.3 percent sequentially to Rs 9,762 crore and dollar revenue may climb 3 percent to Rs 1,536.5 crore during the same period. Its peers TCS reported 3.5 percent dollar revenue growth, Infosys 4.5 percent and Wipro 1.1 percent in June quarter.
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Negative sentiment may have been already priced in as two other mid-cap companies Persistent and KPIT Technologies have also issued earnings warnings. Persistent had alerted investors that certain client specific issues could result in dollar revenue decline sequentially.
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Anil Chanana, chief financial officer of HCL Tech says the industry continues to see good growth. He expects margins to be at 21-22 percent considering the company has stepped up investments in the last few months.
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HCL Tech reported a soft set of numbers for the fourth quarter. Even Geography wise numbers from America and Europe reflect a slowdown. Margins have taken a 250 basis points hit quarter on quarter with constant currency growth coming in lower than expected.
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HCL Technologies' third quarter (January-March) profit after tax is seen falling 6.16 percent sequentially to Rs 1,797 crore from Rs 1,915 crore on adverse cross currency impact, according to a CNBC-TV18 poll.
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IT major TCS is likely to set the tone for earnings this quarter. Cross currency headwinds remain major concern as the company had earlier indicated a 40 basis point impact on margins due to forex moves. Kawaljeet Saluja, ED and head of research, Kotak Institutional Equities speak on what to expect from the TCS earnings this evening.
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HCL Technologies' profit increased 2.3 percent sequentially to Rs 1,915 crore during the quarter.
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HCL Technology announced its Q2 numbers with a net profit of Rs 1915 crore (up 2.3 percent quarter-on-quarter). The company‘s rupee revenue stood at Rs 9283 crore versus an expectation of Rs 8950 crore.
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HCL Technologies' second quarter profit after tax is expected to fall 5.5 percent sequentially to Rs 1,770 crore, according to the average of estimates of analysts polled by CNBC-TV18.
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Owing to cross currency, Infosys may cut guidance by 1 percent to 6.3-7.8 percent, says Sandeep Muthangi, IT Analyst at IIFL - Institutional Equities.
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While JM Financial is incrementally positive on Infosys stock, it will still wait for one or two more quarters of performance from the company before upgrading it to a buy.
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In an interview to CNBC-TV18, Ravi Menon, AVP - IT, Centrum Broking, Vibhor Singhal, IT Analyst, Phillip Capital and Sarabjit Kaur Nangra, VP - Research Pharma, Angel Broking spoke about Wipro‘s financial performance in the quarter gone by and the road ahead.
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Sandip Agarwal of Edelweiss Financial Services gives his views on HCL Tech numbers for the September quarter.
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HCL has signed 15 transformational engagements with more than USD 1 billion of total contract value in this quarter.
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Sales are expected to increase by 4.5 percent Q-o-Q (up 10.5 percent Y-o-Y) to Rs 8799.6 crore, according to Motilal Oswal.
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Revenue in rupee terms may jump 4.5 percent quarter-on-quarter to Rs 8,805 crore while dollar revenue is seen rising 3.24 percent sequentially to USD 1,452.5 million during the quarter (which seems to be lower compared to 3.4 percent growth reported in Q1FY15).
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According to Ashwin Mehta, IT analyst at Nomura India, TCS would continue to trade at a premium over Infosys, and so prefers TCS. His other picks in the IT space are HCL, Cognizant.
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The positive takeaway from the TCS management commentary was that FY15 would see further growth acceleration from FY14 said Hitesh Shah of IDFC Securities.
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In an interview to CNBC-TV18, Basu Banerjee, IT Analyst at Quant Capital spoke about Q3 earnings season for the Indian IT sector.
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Ankita Somani, IT Analyst, Angel Broking does not think TCS has surprised in the positive. Margins as well as dollar revenues came in below expectation.
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Analysis on HCL Tech's Q2 results: The company has beaten street expectations on the dollar revenue as well as on the margins.
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Over the past year, HCL Tech‘s net margins have gone up from the 25 percent range to over 30 percent. According to CEO Anant Gupta, the company has started a shift in the business model from time and material services to outcome-based services.
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HCL's infra services segment has seen a slower growth of 4.8 percent sequentially, which suggests that IT services have grown even less, says Bhavin Shah, CEO, Equirus Securities.
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HCL's EBITDA margins for the quarter at 26 percent could have been aided by perational efficiencies given the strong growth in infrastructure management services, Rajiv Mehta, IT Analyst, India Infoline said.
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Revenues may increase 2.1 percent quarter-on-quarter to Rs 8,126 crore and dollar revenues are likely to grow 3.3 percent to USD 1312 million in the quarter gone by that will be closely watched because the company had disappointed the street.
