Cross Currency

With the first earnings season getting under way today, IT stocks will be in focus today, with TCS slated to report results later today and Infosys tomorrow.

Infosys may beat FY17E Nasscom guidance, grow 11-13%: Jefferies

"Despite concerns on macro and industry deceleration, momentum is likely to sustain on the back of strong deal pipeline and order book. Notwithstanding, opportunities for improvement in broad based account mining and increasing per capita revenue, cost efficiencies and cash flows," the brokerage house says

$ strength to hit IT cos' profits by 30-60 bps: P Lilladher

Shashi Bhusan, IT analyst at Prabhudas Lilladher says constant currency growth in Q4FY15 will be better year-on-year. He says the dollar strength will impact profitability by 30-60 basis points for IT companies.

Will buy HCL Tech on dips despite Q3 margin warning: Nomura

While the cross currency impact is slightly ahead of our calculation of 230 bps, we do not see this as a material incremental negative for HCL Tech, says Nomura

Cross currency stress to persist in IT cos Q4 numbers: IDFC

IDFC has cut its FY15-FY17 earnings per share forecast by 1-5 percent for the top 4 players and 3-10 percent for others to build in the cross-currency headwind and weaker volume growth.

Cross-currency impact hitting IT cos: Phillip Cap

Vibhor Singhal of Phillip Capital says cross-currency impact is hitting most IT companies post the euro depreciating 10-15 percent. Mindtree and Persistent are, however, facing client clampdowns, he adds.

Cross-currency headwinds may impact $ revenue: Mindtree

Rostow Ravanan of Mindtree says currencies moving all over the chart has become the new normal. He believes there may be a 100-150 bps impact on dollar revenue due to the cross-currency headwinds. However, he expects constant currency operational performance to be stable.