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Patni Computer Systems reported a better-than-expected 75% sequential rise in consolidated net profit for the fourth quarter at Rs 146.15 crore, based on US-GAAP accounting standards.
Patni Computer Systems, a subsidiary of i-Gate Solutions, is likely to report a profit after tax of Rs 130 crore in the fourth quarter of CY11, a growth of 55.7% as compared to Rs 83.5 crore in the previous quarter.
Patni Computer Sept qtr net dips 37.51 pct, shares rise
Patni is to announce third quarter CY11 results. According to CNBC-TV18's estimates, the company's USD revenues are seen up 2.8% at USD 189 million versus USD 183.8 million.
KR Choksey has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, Patni Computer September quarter net sales are expected to go up by 4% at Rs 855 crore, quarter-on-quarter, (QoQ) basis.
Motilal Oswal has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, Patni Computer September quarter net revenue is expected to go up by 4% at Rs 854.7 crore, quarter-on-quarter, QoQ basis.
Infosys is expected to announce its second quarter result on October 12. Most experts feel that the recent fall in the rupee will help boost Q2 earnings of the Indian IT companies like Infosys. Ashwin Mehta from Nomura India too feels that Infosys is likely to benefit most from the rupee's depreciation.
Indian mid-cap IT companies are likely to see a modest revenue growth in April-June on stable demand, but most would see profits and margins squeezed by wage hikes and higher taxes.
Patni Computer is to announce its first quarter CY11 results. According to CNBC-TV18's estimates, the company's Q1CY11 USD revenues are seen up 2.44% at USD 187.47 million versus USD 183 million, quarter-on-quarter, QoQ.
Indian mid-cap firms are on course to post higher profits in the last quarter of FY11, despite an increase in prices of raw materials such as crude oil and steel, as volume growth and robust demand keep revenue momentum buoyant.
Emkay Global Financial Services has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Patni Computer quarter sales are expected to go up by 5% at Rs 858.7 crore, quarter-on-quarter, (QoQ) basis.
Motilal Oswal has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Patni Computer quarter sales are expected to go up by 3.2% at Rs 846.5 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, Patni Computer Systems March quarter sales are expected to go up by 2.5% at Rs 840.7 crore, quarter-on-quarter, (QoQ) basis.
In an interview with CNBC-TV18, Surjeet Singh, CFO, Patni, speaks about the results and gives his outlook going forward.
Patni Computer Systems Q4CY10 revenues are seen up 3.72% at Rs 826.36 crore versus Rs 796.67 crore, quarter-on-quarter, q-o-q.
In an exclusive interview with CNBC-TV18 Phaneesh Murthy, CEO of iGate said he does not see a budget flush this year. Murthy added that the company had incurred USD 3.2 million as acquisition related expenditure this quarter. The company, he said, seen a lot of margin improvement from the last quarter.
Prabhudas Lilladher has come out with its earning estimates on IT sector for the quarter ended December 2010. According to the research firm, Patni Computer December quarter sales are expected to go up by 2.4% at Rs 815.8 crore, Quarter-on-Quarter, (QoQ) basis.
The IT sector will soon kick start the earnings season. Sandip Agarwal of Antique Stock Broking and Ganesh Duvvuri of Edelweiss Capital, in an interview on CNBC-TV18, agree that TCS’ earnings growth will be slightly better than Infosys.