Most brokerage houses maintained their ratings as the stock already rallied more than 45 percent in last one year, but raised target price on the stock after earnings.
Net Sales are expected to increase by 2.1 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs. 31,543.6 crore, according to ICICI Direct.
Net Sales are expected to increase by 1.29 percent Q-o-Q (up 5.61 percent Y-o-Y) to Rs. 31,303.6 crore, according to KR Choksey.
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 7.3 percent Y-o-Y) to Rs. 31,795.8 crore, according to Kotak.
Net Sales are expected to increase by 2 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs. 31507.7 crore, according to Edelweiss.
Net Sales are expected to increase by 3 percent Q-o-Q (up 7.4 percent Y-o-Y) to Rs. 31,837.2 crore, according to Motilal Oswal.
Tech Mahindra has posted a strong quarter. In an interview with CNBC-TV18, Ravi Menon of Elara shared his views and readings on the same as well as on some of its peer companies.
In an interview to CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and readings on Infosys Q3 numbers.
While maintaining Buy rating on the stock with a target price at Rs 3,000 per share, UBS said numbers were in-line, with retail segment picking up but banking declining.
In an interview with CNBC-TV18, V Ramakrishnan, CFO, Ajoyendra Mukherjee, EVP & Head of Global Human Resources, Rajesh Gopinathan, Managing Director and CEO, and N Ganapathy Subramaniam Executive Director and Chief Operating Officer at Tata Consultancy Services (TCS) spoke about the results and their outlook for the company.
Moneycontrol takes a look at what multiple brokerages are talking about the result expectations.
Tech major Tata Consultancy Services (TCS) will be in focus on the back of its Q3 earnings. In an interview to CNBC-TV18, Sandip Agarwal, VP-Wholesale Capital Markets at Edelweiss Financial Services shared his views on the likely outcome.
The domestic brokerage firm expects 1.2 percent QoQ growth on CC basis and cross-currency tailwinds of around 10bps. Soft revenue growth is expected due to furloughs and soft traction in BFS in North America.
As it is seasonally a weak quarter for IT companies due to holidays and furloughs in western markets, analysts expect revenue growth to be muted.
CLSA has reduced its growth expectations for Wipro, TCS & HCL Technologies, and lifted expectations for Infosys.
Brokerages remain mixed on the results, but highlight that there were some sectoral gains seen in the September quarter performance.
In an interview to CNBC-TV18, Rajesh Gopinathan, CEO & MD, NG Subramaniam, COO, V Ramakrishnan, CFO and Ajoyendra Mukerjee, Executive VP & Head-Global HR of Tata Consultancy Services (TCS) spoke about the results and their outlook for the company.
Net Sales are expected to increase by 3.4 percent Q-o-Q (up 4.4 percent Y-o-Y) to Rs. 30579.2 crore, according to Kotak.
Analysts see positive cross currency impact of 80-130 basis points and expect margin to improve on account of lack of wage hikes and visa cost for the quarter.
For Infosys, BofA-ML expects sequential revenue growth of 3.2 percent on a QoQ basis on a constant currency basis and 4.4 percent QoQ in USD terms, aided by strengthening EUR, AUD and GBP during the quarter.
Wipro Q1 FY18 earnings beat expectations but guidance disappointed the street- the board has also approved a Rs 11,000 crore buyback. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his readings and outlook on the same.
Here's a detailed analysis of the Q1 show by information technology major Infosys.
In rupee revenue terms, TCS and Infosys each posted 0.2 percent degrowth.
Tata Consultancy Services (TCS) posted a disappointing performance in Q1 FY18. In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his reading and outlook on the same as well as his expectations from Infosys’ Q1 FY18 numbers.
The management had sounded positive while announcing the numbers for March, but that is not showing in the June earnings.