Global and domestic brokerages remain mixed about the results as some of them have been surprised on lowering of margin guidance. Brokerages such as Jefferies have hiked their target to Rs 1,340 per share from Rs 1,000 per share earlier, an upside of 34 percent.
Brokerages such as Jefferies have hiked their target to Rs 1,340 per share from Rs 1,000 per share earlier, an upside of 34 percent, citing favourable risk reward. However, Citi has maintained its neutral stance on the stock, reducing its target price to Rs 1,195 per share.
The street will closely watch the commentary of new CEO Salil Parekh on new strategy, deal momentum, capital allocation policy, progress on onsite hiring and sectoral growth.
Net Sales are expected to increase by 2 percent Q-o-Q (up 6 percent Y-o-Y) to Rs. 18147.6 crore, according to Edelweiss.
Net Sales are expected to increase by 1.9 percent Q-o-Q (up 5.9 percent Y-o-Y) to Rs. 18,131.8 crore, according to Motilal Oswal.
Net Sales are expected to increase by 1.8 percent Q-o-Q (up 5.8 percent Y-o-Y) to Rs. 18,115.2 crore, according to Kotak.
In an interview to CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and readings on Infosys Q3 numbers.
Moneycontrol takes a look at what multiple brokerages are talking about the result expectations.
The key things to watch out for would be its full year guidance and management commentary. Overall it is expected to be soft quarter due to seasonality.
In an interview to CNBC-TV18, Urmil Shah, AVP Research Analyst at IDBI Capital, Sanjeev Hota, AVP Research at Sharekhan, Girish Pai of Nirmal Bang Institutional Equities and Trip Chowdhry of Global Equities Research shared their readings on Infosys Q2 earnings as well as their outlook on how the stock would react in today’s trading session on the back of its quarterly numbers.
Overall, first quarterly result of Infosys, after Nilekani takes over office is about a refocus on earlier defined strategic and operational priorities.
A cut in revenue guidance and no significant update on the CEO front could weigh on the software major's stock when it next opens for trading.
In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services gave his take on what Infosys might deliver.
Analysts expect revenue to increase 3.2 percent sequentially to Rs 17,630 crore and dollar revenue to grow 3.3 percent to USD 2,738 million in the quarter ended September 2017.
Net Sales are expected to increase by 3.2 percent Q-o-Q (up 1.9 percent Y-o-Y) to Rs. 17630.3 crore, according to Kotak.
Wipro Q1 FY18 earnings beat expectations but guidance disappointed the street- the board has also approved a Rs 11,000 crore buyback. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his readings and outlook on the same.
With lack of conviction on sustaining growth, limited margin levers and likely pricing pressure from legacy contracts, CLSA remained unconvinced of differentiation and stayed underperform on the stock.
Here's a detailed analysis of the Q1 show by information technology major Infosys.
In rupee revenue terms, TCS and Infosys each posted 0.2 percent degrowth.
IT giant Infosys beat analysts' expectations on earnings front in the quarter ended June 2017. To discuss the quarterly performance and the outlook going forward CNBC-TV18 spoke to Vishal Sikka, MD & CEO, Pravin Rao, COO and MD Ranganath, CFO of Infosys.
Infosys added 6 clients in USD 25 million category, 1 client in USD 10 million category and 8 clients in USD 1 million band but the client addition in USD 100 million category reduced to 18 from 19 QoQ.
Watch accompanying videos of Infosys management addressing press conference regarding company’s Q1 FY18 performance.
Tata Consultancy Services (TCS) posted a disappointing performance in Q1 FY18. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his reading and outlook on the same as well as his expectations from Infosys’ Q1 FY18 numbers.
Net Sales are expected to decrease by 0.6 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs 17015 crore, according to Edelweiss. Infosys to report net profit at 3495.2 crore down 3% quarter-on-quarter.
Subdued Q1 earnings numbers are expected for Tata Consultancy Services (TCS) due to a slowdown in the Banking, Financial services and Insurance (BFSI) segment and weak retail business. A rise in visa costs and appreciating rupee are also seen denting margins. In an interview to CNBC-TV18, Ravi Menon, Analyst, IT Services at Elara Capital shared his expectations on the numbers.