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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.
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.
IIFL expects the company to post 13 percent profit expansion to Rs 2700 crore and revenue growth of 2.6 percent in dollar terms quarter-on-quarter.
Revenues are seen going up by 13.4 percent to Rs 12,781 crore in second quarter of FY14 from Rs 11,267 crore in previous quarter while dollar revenues may grow 2.6 percent Q-o-Q to USD 2042 million.
Revenues of Infosys are expected to increase by 12.4 percent Q-o-Q (up 28.5 percent Y-o-Y) to Rs 12,662.7 crore, according to Prabhudas Lilladher.
Revenues of Infosys are expected to increase by 12.6 percent Q-o-Q (up 28.7 percent Y-o-Y) to Rs 12,686.7 crore, according to Kotak Securities.
Revenues of Infosys are expected to increase by 13.1 percent Q-o-Q (up 29.2 percent Y-o-Y) to Rs 12,738.5 crore, according to Motilal Oswal.
Dolat Capital expects Infosys to report 7.5 percent growth quarter-on-quarter (growth of 7.7 percent year-on-year) in net profit at Rs 2550.9 crore.
Wipro is likely to report a Rupee revenue growth of 3 percent to Rs 9,917 crore. In US Dollar terms, revenue from IT services is seen up 0.2 percent to USD 1.59 billion.
IT analyst Rumit Dugar said that one can look to play TCS, Infosys, Tech Mahindra using a three-pronged strategy.
TCS management says it is confident that pricing will remain stable for the next 12 months and the next quarter won't see any decline in realisation.
Infosys reported better-than-expected earnings in the first quarter, prompting brokerages to raise their earnings estimates for the current financial year. However, many say Infy's performance will have to be consistent over the next few quarters for them to upgrade the stock.
Infy is now focusing more on commoditised services. They have a good position in terms of margins and spend. They are now better poised at least for the short term in terms of three years from now, in terms of winning any of the rebids
Rajiv Bansal, CFO, says growth in Europe remains challenging, but macroeconomic data coming from US is encouraging.
SD Shibulal, MD & CEO at Infosys is a pleased man after the IT bellwether surprised the street with better-than-expected numbers. He confirmed that responsibilities of Basab Pradhan, who left the company recently, have been given to Ashok Vemuri.
Infosys announced a better than expected earning in the first quarter on Friday morning. Aniruddha Mehta, Research Analyst, IIFL told CNBC-TV18 that he might increase his future earning estimate for the company. However, he is not going to increase the estimate for other IT companies based on Infosys result.
Cowen & Co's Moshe Katri believes the fundamentals for Infosys are looking pretty decent and the company is likely to see good growth from here on.
Infosys beat street in the first quarter, with a 4 percent year-on-year rise in Q1 net profit at Rs 2,374 crore. SD Shibulal, CEO, is cautiously optimistic about the rest of the year and says there is momentum in large deal pipeline.
In an interview to CNBC-TV18, Mehta says investors who are generally underweight on Infosys and overweight on Tata Consultancy Services (TCS), HCL Technologies may again do that recalibration and go back to equal weight in Infosys.
In an interview to CNBC-TV18, Nilesh Shah, managing director and chief executive officer, Envision Capital believes the management needs to change its commentary and do away with its cautiously optmistic view and become more optimistic.
KRChoksey expects revenues in Infosys to increase by 6 percent Q-o-Q (15 percent Y-o-Y) to Rs 11,065 crore.
Emkay Global Financial Services expects revenues in Infosys to increase by 5.3 percent Q-o-Q (14.5 percent Y-o-Y) to Rs 11,010.1 crore.
Prabhudas Lilladher expects Infosys to report 0.7 percent growth quarter-on-quarter (growth of 4.7 percent year-on-year) in net profit at Rs 2,394 crore.
Nirmal Bang expects revenues in Infosys to increase by 5.1 percent Q-o-Q (14.2 percent Y-o-Y) to Rs 10,984 crore.
Kotak Securities expects revenues in Infosys to increase by 5.2 percent Q-o-Q (14.4 percent Y-o-Y) to Rs 11,001.7 crore in first quarter.