Nilesh Shah, MD & CEO of Envision Capital maintained revised dollar guidance growth to be a major setback for the company. "The important variable (dollar revenue growth) of the result has fallen, and it is not a good sign for company, the sector and the entire earnings season," he added.
Rohitash Gupta, CFO, eClerx expects this fiscal's operating margins to be above 30 percent.
On the guidance front, Hitesh Shah, IT analyst, IDFC Securities does not expect the TCS management to say that FY16 would be better year than FY15 but would say that they expect constant currency revenue growth to be in line.
Persistent Systems is expected to clock ‘muted‘ growth this quarter, a development that will likely result in the company missing its full-year dollar revenue growth target of 15 percent, founder and CMD Anand Deshpande told CNBC-TV18
Rohit Kamat, company CFO expects to report good growth in revenue and margins in the second half of the fiscal, subject to vacation time and currency impact.
Due to the uncertain economic environment, KPIT Cummins has targeted a safe 32-35% growth in dollar revenue for FY13.
Goldman Sachs recommends buying Infosys with a target of Rs 3180. Investors will mainly focus on the FY13 guidance today and expect the company to provide a FY13 dollar revenue growth guidance of 11-14%.
Infosys expects third-quarter revenue growth closer to the lower end of its forecast as customers delay decisions on large contracts.