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Sundeep Muthangi of IIFL cautions that IT sector on the whole may see weak earnings performance. However he expects Tata Consultancy Services (TCS) and HCL Technologies to outperform its peers in terms of revenue growth.
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Nirmal Bang research expects the companies in their coverage universe to post a 4.4% YoY revenue growth, a 1% decline in EBITDA and a 7.2% fall in net profit. The performance reflects demand slowdown in the economy amid a depreciating Indian rupee.
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The April-June quarter US Dollar revenue growth is expected to rise on the back of the Rupee depreciation. However, margins gains, if any, will be limited due to the wage hikes taken by companies.
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Infosys will kick off the first-quarter earnings season for the Indian IT-services industry from July 12, followed by other big boys like Tata Consultancy Services, Wipro and HCL Technologies in the next few weeks.
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Despite Tata Consultancy Services (TCS) posting better-than-expected result for Q3, Bhavin Shah, Equirus Securities continues to believe that IT sector is going to see slow growth going forward.
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HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.
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The opinion on the street is unanimous for IT sector – Infosys is an underperformer, HCL Tech a dark horse and TCS a consistent outperformer.
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Software services exporter HCL Technologies is expected to clock 2-4 percent quarter-on-quarter US Dollar revenue growth in Jan-March, its third quarter, and guide for strong demand environment going ahead.
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The debate on IT giant Infosys‘ results has multiple angles now, as it is likely to be a big trigger for all IT stocks. The company is going to announce its fourth quarter numbers on Friday. Sandeep Muthangi, Vice President - Research, IIFL Institutional Equities expects the company to give guidance of 12 percent odd growth for the next year.
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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.
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Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
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Software services exporter HCL Technologies' says it continues to see demand for non-discretionary spends and growth is likely to remain strong in 2013.
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In an interview to CNBC-TV18, Amit Kasat of Standard Chartered Securities gives his expectations from Exide and Hero Motocorp's Q3 results.
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In an interview to CNBC-TV18, Bhavin Shah, chief executive officer, Equirus Securities gives his views on HCL Tech's Q2 earnings.
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India's two largest software services providers Tata Consultancy Services and Infosys have already topped street expectations in Oct-Dec and all eyes will be now on HCL Technologies, which will report its earnings on Thursday.
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IT-sector analysts Bhavin Shah, CEO, Equirus Securities and Basu Banerjee, of Quant Research explain to CNBC-TV18 that TCS has retained his numero uno position in the IT sector by the sheer size of its results and all-round performance through out the quarter. Bhavin Shah forecasts that the upside in the stock is limited.
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Credit Suisse has retained its neutral rating on Infosys despite the IT major‘s better-than-expected third quarter numbers. The brokerage prefers HCL Tech and TCS, which are more attractively valued, in comparison.
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Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
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Motilal Oswal has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect EBIT margin contraction of 20-150bp across tier-I and 80-430bp across tier-II companies.
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In an interview with CNBC-TV18, Sandeep Muthangi of IIFL Institutional Equities spoke about his reading and outlook for Infosys, which will announce its third quarter numbers on Friday.
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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.
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Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.
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Slower growth in discretionary spending and delays in decision making of clients may continue to hurt Indian IT companies' revenue growth in the December quarter, analysts today said.
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With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
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Tata Consultancy Services' shares rose over 3% on Monday morning as the street cheered another quarter of strong growth. Many analysts feel it could continue its outperformance over local software services rival Infosys and have raised their target price on the stock.
