Jan 08, 2014 05:05 PM IST
Ravi Menon, IT Analyst, Centrum Broking sees HCL Technologies outperforming and expect the stock to get re-rated. The broking firm has a price target of Rs 1,540 for the stock.
- Jan 08, 2014 02:49 PM IST
Financial results for the third quarter begin this week with Infosys Ltd reporting earnings on January 10.
- Jan 07, 2014 05:26 PM IST
AnandRathi Securities has come out with its earning estimates on IT sector. "Expect the top-four Indian IT companies to post 3.1% qoq, and 12.8% yoy, growth in USD revenue in 3QFY14," says the research firm.
- Jan 07, 2014 02:51 PM IST
According to Kotak Securities, revenues of Infosys are expected to increase by 0.3 percent Q-o-Q (up 24.7 Y-o-Y) to Rs 13,003.5 crore.
- Nov 06, 2013 12:30 PM IST
According to Ankur Rudra, the strength of beat by Cognizant is a big positive led by uptick in discretionary demand due to new technology and so, assuming that it is true for the entire (IT) sector is premature.
- Nov 05, 2013 06:49 PM IST
The big news though was Cognizant‘s upward revision of revenues for the full year. In Q2, 2013 the company had said that it expected revenues to come in at USD 8.74 billion, a growth of 19 percent compared to the previous year.
- Oct 22, 2013 08:05 PM IST
Ankita Somani, Analyst at Angel Broking is of the view that Wipro has been a laggard in terms of revenue growth among the top four IT companies.
- Oct 17, 2013 05:00 PM IST
IIFL India's Aniruddha Mehta feels that the July-September earnings announced by HCL Technologies disappointed on the valuations front. He feels that one can get slightly overweight on Infosys on good demand.
- Oct 17, 2013 12:18 PM IST
According to Ankur Rudra, HCL Technologies continues to look relatively inexpensive, just shy of 12-12.5 times and appears to offer more upside from re-rating perspective.
- Oct 17, 2013 09:58 AM IST
N Chandrasekaran, MD and CEO of TCS said that the pricing remained stable currently and that the company was aiming an operating profit margin of 26-28 percent.
- Oct 17, 2013 09:56 AM IST
Basu Banerjee expects atleast 15 percent upside on HCL Technologies from its current levels when compared to its largecap peers trading at much higher valuations.
- Oct 11, 2013 04:51 PM IST
Infosys has done lot of cost rationalisation and its benefits will start showing up in the December quarter, so its underlying margins will improve, says Kawaljeet Saluja.
Kawaljeet Saluja, ED and head of research, Kotak Institutional Equities
- Oct 11, 2013 03:31 PM IST
Shibulal says that out of 37 clients addition during the quarter, five of which are Fortune 500 companies, adding, "We have closed five-six large deals. Our large deals are mostly USD 50 million and above. It will get realised over the next three-five years. We have top 25 grown by 3.3 percent and non-top 25 has also grown by 3.4 percent or so."
- Oct 11, 2013 01:57 PM IST
Despite Infy's the good set of numbers, TCS continues to remain Angel Broking's top IT bet follwed by HCL Tech. Infosys is their third-best pick which the brokerage house suggests accumulating at a target price of Rs 3,500
- Oct 11, 2013 01:47 PM IST
During the period, the IT major's attrition rate increased to 17.3 percent compared to 16.9 percent in the June quarter. It saw net addition of 2,964 employees in the quarter. Overall, 12,168 employees joined Infosys and its subsidiaries during the second quarter.
- Oct 11, 2013 12:33 PM IST
Hitesh Shah, IT Analyst, IDFC Securities sees FY14 Infosys growth at 0.1%, implying about 12 percent dollar revenue growth for full year. With rupee staying where it is, it should be able to do closer to Rs 190 on recurring earnings per share (EPS) for full year.
- Oct 11, 2013 11:36 AM IST
This shows that under Murthy, the company is chasing volumes in a tough market where pricing is crucial to bagging contracts from penny-pinching clients.
- Oct 11, 2013 11:15 AM IST
Shibulal said that the next couple of quarters would be about investing in the business to take it to the next orbit of growth. But he also cautioned that the measures being taken by the company would take a while to translate into growth.
- Oct 11, 2013 10:59 AM IST
Speaking to CNBC-TV18, Dipan Mehta, member, BSE & NSE, says all the issues that were plaguing the company- management rejigs, growth concerns- have now been addressed.
- Oct 11, 2013 10:53 AM IST
IT major Infosys today reported a 1.6 percent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30, 2013, on the back of large deals and increased sales from Big Data and Cloud.
- Oct 11, 2013 10:40 AM IST
JP Morgan says it does not believe that investors must read anything amiss into growth implications for the coming two quarters due to the unchanged USD revenue guidance (at the upper-end).
- Oct 11, 2013 10:38 AM IST
Moshe Katri, MD, Cowen & Co expects Infosys under the right management team can shape margins going ahead.
- Oct 11, 2013 10:26 AM IST
Speaking to CNBC-TV18 on Infosys' strong Q2 numbers, Sanjeev Prasad of Kotak Institutional Equities expects the company to perform stronger than the guided 10 percent.
- Oct 10, 2013 06:09 PM IST
The FY14 guidance for revenues may be raised at lower end of the guidance to 8 percent, feel experts. Meanwhile, the street is divided on whether upper end of guidance will remain at 10 percent or get increased.
- Oct 10, 2013 06:06 PM IST
According to ICICIdirect.com, Infosys may report a 12.9 percent growth quarter-on-quarter (growth of 13.1 percent year-on-year) in net profit at Rs 2679.5 crore.