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IT major Infosys missed street expectations with the profit falling 4.7 percent sequentially to Rs 3,097 crore in the quarter ended March 2015.
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Sikka is aiming to achieve industry leading profitable growth by FY17. He also wishes to achieve the lowest level of attrition in the industry and attract the best talent.
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Revenues are expected to increase by 0.7 percent Q-o-Q (up 7.9 percent Y-o-Y) to Rs 13892.4 crore, according to Motilal Oswal.
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Sales are expected to decrease by 0.1 percent Q-o-Q (up 7 percent Y-o-Y) to Rs 13781.5 crore, according to Prabhudas Lilladher.
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Revenues are expected to increase by 0.8 percent Q-o-Q (up 8 percent Y-o-Y) to Rs 13901 crore, according to ICICIdirect.
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Infosys's fourth quarter profit may fall 2.7 percent sequentially to Rs 3,161 crore on weak operational performance and slow growth in revenues, according to a CNBC-TV18 poll.
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IT major TCS is likely to set the tone for earnings this quarter. Cross currency headwinds remain major concern as the company had earlier indicated a 40 basis point impact on margins due to forex moves. Kawaljeet Saluja, ED and head of research, Kotak Institutional Equities speak on what to expect from the TCS earnings this evening.
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The company is expecting a healthy pipeline in financial services and insurance segments.
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Vishal Sikka said leading US banks were cautious on their IT spending for 2015, and discussions with them for orders were getting delayed.
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Nilesh Shah, MD & CEO of Envision Capital, said the numbers are bang in line with expectation, and thus are a sigh of relief for the markets
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Infosys hosted a press conference to discuss its third quarter earnings.
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Moshe Katri, MD, Cowen & Co expects Infosys' margins to be in mid-20s on an annual basis and is looking for guidance to be revised to 7 percent.
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Sales are expected to increase by 4.9 percent (Y-o-Y) to Rs 13667.6 crore, according to Dolat Capital.
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Sales are expected to increase by 3 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 13691 crore, according to KR Choksey and Securities.
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Sales are expected to increase by 3 percent Q-o-Q (up 5.5 percent Y-o-Y) to Rs 13748.3 crore, according to Motilal Oswal.
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Revenue may jump by 3.3 percent sequentially to Rs 13,783 crore and dollar revenue may increase by 1 percent quarter-on-quarter to USD 2,222 million during October-December quarter.
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Revenues are expected to increase by 3.2 percent Q-o-Q (up 5.7 percent Y-o-Y) to Rs 13769.5 crore, according to ICICIdirect.
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Revenues are expected to increase by 3.6 percent Q-o-Q (up 6.1 percent Y-o-Y) to Rs 13820.9 crore, according to Kotak Securities.
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Owing to cross currency, Infosys may cut guidance by 1 percent to 6.3-7.8 percent, says Sandeep Muthangi, IT Analyst at IIFL - Institutional Equities.
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While JM Financial is incrementally positive on Infosys stock, it will still wait for one or two more quarters of performance from the company before upgrading it to a buy.
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Kawaljeet Saluja of Kotak Institutional Equities says some of the metrics that it tracks to assess progress on turnaround seems to be falling into place. However, whether the company can catch up with the industry on growth or not will have to be seen, he adds.
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According to Sarabjit Kaur Nangra, the improved EBIT margins and optimistic management commentary is a huge positive. However, attrition rate still remains a concern.
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Infosys has posted a robust set of numbers in Q2, beating the Street expectations. For the quarter ended July-September, the company‘s net profit rose 7.3 percent sequentially to Rs 3,096 crore on strong revenue and operational growth.
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Ankit Pande of Quant Broking estimates actual dollar revenue to grow by 7-8 percent for FY15, and 12 percent for FY16.
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Infosys on Friday beat street estimates with the July-September quarter net profit rising 7.3 percent sequentially (up 28.6 percent on yearly basis) to Rs 3,096 crore (on consolidated basis) on strong revenue and operational growth.
_1716_356_5932_356.jpg?impolicy=website&width=135&height=80 "Forex volatility to impact Infosys' Q3 revenue: Cowen & Co")
