Large deal wins show signs of recovery after a tepid first half of the fiscal year for L&T Infotech. The company signed two large contracts so far this quarter and sees strong opportunities in the cloud and data products business
The company, for FY17, would focus more on organic growth and integrating earlier aquisitions, said Rostow Ravanan, CEO & MD, Mindtree.
Shashi Bhusan, IT Analyst, IDFC Securities, expects the company to issue a revenue guidance of 11-13 percent for FY17.
Manu Parpia, MD & CEO, Geometric said the growth has been decent for the quarter but expects it to be modest for the next two quarters.
Deal pipeline also looks comfortable with around 3-4 deals for USD 15-30 million and 5-6 deals for USD 5- 15 million range, said Ganesh Natarajan of Zensar Technologies.
The deal pipeline of the company is very attractive and currently stands at around USD 400 million.
Going forward the company will resume on its growth path in fourth quarter on back of sizeable improvement in deal pipeline over the last two quarters said Manu Parpia, MD & CEO of Geometric.
While refusing to give any projections, Ganesh Natrajan, Vice Chairman and managing director of Zensar Technologies says in constant currency terms going ahead there will be substantial growth.
Vineet Nayyar, Vice Chairman of Tech Mahindra expects Mahindra Engineering Services (MES) merger to play a big role in growth going forward.
Tech Mahindra recently completed the acquisition of Mahindra Satyam and says it will continue to seek more buyout opportunities going ahead.
Information Technology services provider KPIT Cummins expects that the robust deal pipeline in US and Asia Pacific regions and increased spending by clients to drive growth in the coming quarters.
KPIT Cummins pipeline is already strong. The company hopes to close some more deals in the next quarter which will again drive growth in the latter quarters
Hinduja Global Solutions says deal pipeline remains strong, and it is expecting strong growth ahead, since it has addressed issues in the domestic market and in Philippines, which had hurt earnings last year. It will also continue to seek acquisitions.
Software company Mindtree‘s management, which posted its fourth quarter earnings today is quite optimistic about deal pipeline, clients spending and earnings performance in 2013-14.