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Shashi Bhusan, IT Analyst at IDFC Securities says Persistent Systems will deliver the strongest growth driven by its Aepona business.
The contribution of acquired assets was 2.8 percent in Q2, says Anand Deshpande, chairman and managing director of Persistent Systems, adding,dollar revenue numbers will be better in the second half of the year with the acquisition of Ireland based Aepona Holdings
Profit is expected to decline marginally to Rs 67 crore in September quarter compared to Rs 67.2 crore in preceding quarter, according to average of estimates of analysts polled by CNBC-TV18.
Dollar revenue may decline 0.4 percent quarter-on-quarter to USD 79.75 million but rupee revenue may increase 1.5 percent to Rs 505 crore in the quarter gone by.
Negative sentiment may have been already priced in as two other mid-cap companies Persistent and KPIT Technologies have also issued earnings warnings. Persistent had alerted investors that certain client specific issues could result in dollar revenue decline sequentially.
Anand Deshpande,CMD & CEO, Persistent Systems is optimistic on revenue growth after adding 51 new accounts in fourth quarter.
Persistent Systems' fourth quarter profit after tax may fall 6 percent sequentially to Rs 70 crore, according to the average of estimates of analysts polled by CNBC-TV18. The company will announce its quarterly earnings on Tuesday.
Mid-tier IT firm Persistent Systems declared its consolidated dollar revenues grew 4.2 percent sequentially to USD 79.5 million -- a growth of 13.7 percent year-on-year, filings to the exchanges showed today.
Persistent Systems' third quarter profit after tax is expected to increase 9.8 percent sequentially to Rs 78.3 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Discussing the company‘s earnings details, Anand Deshpande, CMD & CEO, Persistent Systems, said the margins were under pressure due to wage hike and higher SG&A expenses.
According to Deshpande, the company has extra levers for margins growing further and its newer offerings in services business has led to outperformance.
Anand Deshpande, CMD & CEO, Persistent Systems expects steady growth in intellectual property (IP) business going forward, which in turn will help improve margins.
Anand Deshpande, CMD, Persistent Systems says, in an interview to CNBC-TV18, that the challenge was to boost IP revenue and the EBITDA is up 0.8 percent
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
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.
As the earnings season progresses, Bhavin Shah, CEO of Equirus Securities picks the big hits and misses after the Q2 results. According to Shah, Exide was a big miss and they have a short rating on the stock with a target price of Rs 129
In an interview to CNBC-TV18 Ankur Rudra, VP-Institutional Equities at Ambit Capital shared his reading and outlook on various stocks across the IT sector.
Persistent Systems is set to declare its second quarter results today. Analysts on an average expect the profit after tax to grow by 5% quarter-on-quarter to Rs 43.6 crore during 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.
Dolat Capital has come with its September`12 quarterly earning estimates for IT sector. The research firm expects stocks in their coverage universe to report 3-5% sequential growth in constant currency revenues with some notable exceptions (Infy/Wipro – both consolidating their priorities).
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.
Persistent Systems has announced its first-quarter earnings. CEO Anand Deshpande explains to CNBC-TV18 the various aspects of the company‘s performance in the first quarter.
Dolat Capital has come with its earning estimates on IT sector for June quarter. According to the research firm, growth in the reported Rupee revenues would be strong owing to sharp fall of Rupee versus USD (7% average decline on QoQ basis).