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Infosys Technologies held a conference call with overseas fund managers and analysts on Tuesday, to discuss its first quarter earnings in detail. Following are the excerpts from the transcript of the discussion, as put up on the website www.SeekingAlpha.com.
On the first quarter results of Infosys Technologies, the CEO of Infosys BPO, Swaminathan D, tells CNBC-TV18 that the company has grown by 16% and that eight new clients have been added.
IT bellwether Infosys declared its results for the first quarter of the financial year 2011-12. The management said, this quarter Europe, in reported currency terms, was weak or flat. “It is not surprising, given the current sentiments in Europe. But at the same time, if you look at core businesses, we see a fair degree of stability.”
In an interview with CNBC-TV18, IT bellwether’s management spoke about the quarter gone by and gave their outlook going forward. The management said the company had achieved upper end of the guidance.
Infosys reported a set of pretty unexciting numbers and has predicted that the coming quarters too will be as unexciting. Just missing expectations with a 15.4% rise in profit in the first quarter (April to June) of fiscal year 2012, Infosys reported PAT at Rs 1,720 crore and revenues at Rs 7,485 crore.
IT big boy Infosys will kick off earnings season on Tuesday and adding to the gravitas of these important numbers is the fact that this will be the first earnings season after a slew of changes across the company’s top management.
KRChoksey has come out with its earning estimates on IT sector for the quarter ended June 2011. According to the research firm, Infosys quarter net sales are expected to go up by 4% at Rs 7,536 crore, quarter-on-quarter, (QoQ) basis.
Second largest software services exporter Infosys is expected to post profit after tax of Rs 1,736 crore in first quarter FY12, a 4.5% fall as compared to Rs 1,818 crore in previous quarter, according to CNBC-TV18 estimates.
The first quarter earnings season will gain momentum with technology bellwether Infosys announcing its first quarter (April-June) numbers on Tuesday. The results, which come amidst economic uncertainties in Europe and margin pressures back home, will set the tone for the overall IT sector performance this quarter.
From the top management at Wipro, TK Kurien, CEO, IT Business & Executive Director; Suresh Senapaty, Executive Director & CFO and Pratik Kumar, Corporate, VP-HR, spoke about the company's performance and how they saw the road mapping out going forward.
IT analysts Sandip Agarwal of Antique Stock Broking and Shashi Bhushan of Prabhudas Liladhar say that the TCS Q4 results have been a houseful but they is doubt on the room for margin growth post Q4.
India's largest IT software services exporter Tata Consultancy Services (TCS) reported its fourth quarter net profit at Rs 2402 crore, a growth of 3% from its previous quarter net profit of Rs 2,330.2 crore (US GAAP).
The disappointing January-March quarter results of Infosys' has not dampened spirits of investors and analyts. The street is expecting Tata Consultancy Services (TCS) to outperform Infosys in the fourth quarter results of FY11.
Ashwin Mehta, Research Analyst from Nomura, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his perspective of HCL Tech's fourth quarter performance and divulged his expectations from the company going forward.
Prakash Diwan, Head (Institutional Business) of Networth Stock Broking, in an interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, gave his views on the Infosys Q4 results and inflation numbers.
Kris Gopalakrishnan, MD & CEO told CNBC-TV18 that EPS guidance in rupee term is muted as it has taken into account the impact of huge hiring that is slated for FY12.
Apurva Shah, VP & HOR of Prabhudas Lilladher, in an interview with CNBC-TV18's Mitali and Udayan Mukherjee, gave his perspective of Infosys' fourth quarter performance and divulged his expectation from the company going forward.
Moshe Katri, MD of Cowen & Co, in an interview with CNBC-TV18's Mitali and Udayan Mukherjee, gave his perspective of Infosys' fourth quarter performance and divulged his expectation from the company going forward.
Infosys Technologies expects demand environment to be “normal” for the I-T industry in 2011-12 (April-March), although the company’s earnings per share guidance was well below what the analysts were expecting.
India's second largest IT services exporter Infosys Technologies is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates.
Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
Motilal Oswal has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Infosys Technologies quarter sales are expected to go up by 5.4% at Rs 7489.7 crore, quarter-on-quarter, (QoQ) basis.
Angel Broking has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Infosys Technologies March quarter sales are expected to go up by 6% at Rs 7,531 crore, quarter-on-quarter, (QoQ) basis.
PINC Research has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Infosys Technologies March quarter sales are expected to go up by 4.8% at Rs 7449.4 crore, quarter-on-quarter, (QoQ) basis.
KRChoksey has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Infosys Technologies March quarter sales are expected to go up by 5% at Rs 7,432 crore, quarter-on-quarter, (QoQ) basis.