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IT analyst Rumit Dugar said that one can look to play TCS, Infosys, Tech Mahindra using a three-pronged strategy.
Tech Mahindra has posted good Q4 numbers, with revenue for the fourth quarter up 6.5% to Rs 1,907 crore, and profit growth at 36.8%. The management says the need for telecom has grown and diversified and a number of devices are in the market, creating an insatiable demand for data.
Mahindra Satyam will announce its fourth quarter FY13 results today. According to CNBC-TV18 poll, the company‘s Q4 revenues are seen flat at Rs 1945 crore while net profit is likely to come in at Rs 325 crore.
Software services provider Tech Mahindra, a part of Mahindra & Mahindra group, is set to declare its third quarter numbers on Wednesday. Analysts on an average expect profit after tax (pre Satyam) of the company to grow by 13 percent quarter-on-quarter to Rs 201 crore in December quarter, according to CNBC-TV18 poll.
Mahindra Satyam reported its third quarter profit at Rs 80 crore rupees. This figure is against the expectation of an increase in profit to Rs 323 crore rupees.
Software services exporter Mahindra Satyam is set to declare its results for the third quarter of financial year 2012-13 on Thursday. Analysts on an average expect profit after tax to grow by 16 percent quarter-on-quarter to Rs 323 crore due to low base in previous quarter.
Angel Broking has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect volume growth to be in the range of 2-3% qoq for tier-I IT companies, with TCS leading the pack. Pricing is expected to remain stable. For tier-II companies, we expect growth to be modest at 1.0-8.0% qoq, with Tech.
Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.
Software services provider Mahindra Satyam's profit after tax is expected to go down by 24 percent sequentially to Rs 267 crore in the quarter ended September 2012 owing to foreign exchange loss. Analysts on an average expect forex loss of USD 3-4 million for the quarter.
Software services provider Mahindra Satyam's profit after tax is expected to go down by 24 percent sequentially to Rs 267 crore in the quarter ended September 2012 owing to foreign exchange loss. Analysts on an average expect forex loss of USD 3-4 million for the quarter.
Emkay Global Financial Services expect a an inline Q2 quarter from our Tier I IT services coverage universe with marginal cross currency gains (20-30 bps QoQ benefit) driving a 2.2-4.1% QoQ US$ revenue growth with Wipro at the lower end (+2.2% QoQ) and TCS (+4.1% QoQ) at the upper end.
Angel Broking has come with its September ‘12 quarterly earning estimates for IT sector. According to the research firm expects 2QFY2013 to be better than 1QFY2013.
July-September is normally a seasonally strong quarter for software service providers. However, this time around most companies are likely to report muted growth given tighter budget spends amid continued uncertainties in the global macro-economic environment.
In an interview to CNBC-TV18 Nischal Maheshwari of Edelweiss Securities speaks about his preffered stocks from the auto and IT sector post June quarter earnings.
Mahindra Satyam on Thursday beat expectations with its first-quarter results. Consolidated revenues grew over 12% at Rs 1,880 crore on a sequential basis.
Mahindra Satyam is set to announce its results for the June quarter on Thursday. Analysts on an average expect the profit after tax to decline by 51% quarter-on-quarter to Rs 273 crore during the quarter as the previous quarter was impacted by extra ordinaries like tax write back and reversal on impairment of losses.
Mahindra Satyam is set to announce its results for the June quarter on Thursday. Analysts on an average expect the profit after tax to decline by 51% quarter-on-quarter to Rs 273 crore during the quarter as the previous quarter was impacted by extra ordinaries like tax write back and reversal on impairment of losses.
Angel Broking has come with its earning estimates on IT sector for June quarter. The research firm expects 1QFY2013 to be better than 4QFY2012.
Emkay Global Financial Services has come with its earning estimates on IT sector for June quarter. The research firm expect a subdued quarter from our Tier I IT services coverage universe with cross currency moves (100-150 bps QoQ adverse impact) driving further weakness in US$ revenue growth.
Mahindra Satyam, a part of Mahindra group, has reported a better than expected growth of 73.38% quarter-on-quarter in its consolidated net profit of Rs 534 crore for the fourth quarter of FY12 due to one time gain.
IT firm Mahindra Satyam reported a growth of 21% in revenues and sharp increase in margins in the fourth quarter, in a backdrop of an uncertain business environment globally.
Mahindra Satyam, a part of Mahindra group is expected to report a profit after tax of Rs 220 crore for the fourth quarter of FY12, down 28.5% as compared to Rs 308 crore in previous quarter, according to CNBC-TV18 poll.
Mahindra Satyam, a part of Mahindra group is expected to report a profit after tax of Rs 220 crore for the fourth quarter of FY12, down 28.5% as compared to Rs 308 crore in previous quarter, according to CNBC-TV18 poll.
Angel Broking has come out with its results estimates on Information Technology sector for March FY12.
Emkay Global Financial Services has come out with its March quarterly earning estimates for IT sector.