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According to ICICIdirect.com, Tata Consultancy Services (TCS) may report a 20.2 percent growth quarter-on-quarter (growth of 29.9 percent year-on-year) in net profit at Rs 4,562.8 crore.
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According to Dolat Capital, Tata Consultancy Services (TCS) to report a 15.7 percent growth quarter-on-quarter (growth of 25.1 percent year-on-year) in net profit at Rs 4,393 crore.
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According to KR Choksey, Tata Consultancy Services (TCS) may report a 17 percent growth quarter-on-quarter (growth of 26 percent year-on-year) in net profit at Rs 4,439 crore.
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According to Motilal Oswal, Tata Consultancy Services (TCS) to report a 20.7 percent growth quarter-on-quarter (growth of 30.4 percent year-on-year) in net profit at Rs 4,580.3 crore.
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The company has been the consistent performer in technology space. Investors will closely watch TCS' quarterly earnings after its rival Infosys reported higher-than-expected revenues in Q2 and surprised the street by revising FY14 guidance to 9-10 percent from 6-10 percent earlier.
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Despite Infy's the good set of numbers, TCS continues to remain Angel Broking's top IT bet follwed by HCL Tech. Infosys is their third-best pick which the brokerage house suggests accumulating at a target price of Rs 3,500
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Hitesh Shah, IT Analyst, IDFC Securities sees FY14 Infosys growth at 0.1%, implying about 12 percent dollar revenue growth for full year. With rupee staying where it is, it should be able to do closer to Rs 190 on recurring earnings per share (EPS) for full year.
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IT major Infosys today reported a 1.6 percent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30, 2013, on the back of large deals and increased sales from Big Data and Cloud.
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Speaking to CNBC-TV18 on Infosys' strong Q2 numbers, Sanjeev Prasad of Kotak Institutional Equities expects the company to perform stronger than the guided 10 percent.
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Market experts concur, on CNBC-TV18, The strong management guidance and quarterly results being in line with expectations should enable Wipro to post a strong opening on the bourses on Monday.
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Wipro is likely to report a Rupee revenue growth of 3 percent to Rs 9,917 crore. In US Dollar terms, revenue from IT services is seen up 0.2 percent to USD 1.59 billion.
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IT analyst Rumit Dugar said that one can look to play TCS, Infosys, Tech Mahindra using a three-pronged strategy.
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TCS management says it is confident that pricing will remain stable for the next 12 months and the next quarter won't see any decline in realisation.
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TCS earnings‘ have been a positive surprise in revenue terms, says Basu Banerjee of Quant Capital. Talking to CNBC-TV18, he says his profit after tax (PAT) estimate was Rs 3830 crore and the actual figure falls in line with that.
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Emkay Equity Advisory expects Tata Consultancy Services to report a 7.3 percent degrowth quarter-on-quarter (growth of 17.6 percent year-on-year) in net profit at Rs 3857.8 crore.
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Kotak Securities expects Tata Consultancy Services to report a 5.5 percent degrowth quarter-on-quarter (growth of 15.7 percent year-on-year) in net profit at Rs 3794.6 crore.
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Nirmal Bang expects Tata Consultancy Services to report a 3.3 percent degrowth quarter-on-quarter (growth of 6 percent year-on-year) in net profit at Rs 3478.5 crore.
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TCS' earnings will be closely watched by the market after Infosys surprised the street, on July 12, with dollar revenue growth of 2.7 percent, volume growth of 4.1 percent and strong deal wins of TCV USD 600 million during the quarter.
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In an interview to CNBC-TV18, Mehta says investors who are generally underweight on Infosys and overweight on Tata Consultancy Services (TCS), HCL Technologies may again do that recalibration and go back to equal weight in Infosys.
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Sundeep Muthangi of IIFL cautions that IT sector on the whole may see weak earnings performance. However he expects Tata Consultancy Services (TCS) and HCL Technologies to outperform its peers in terms of revenue growth.
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Nirmal Bang research expects the companies in their coverage universe to post a 4.4% YoY revenue growth, a 1% decline in EBITDA and a 7.2% fall in net profit. The performance reflects demand slowdown in the economy amid a depreciating Indian rupee.
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The April-June quarter US Dollar revenue growth is expected to rise on the back of the Rupee depreciation. However, margins gains, if any, will be limited due to the wage hikes taken by companies.
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Infosys will kick off the first-quarter earnings season for the Indian IT-services industry from July 12, followed by other big boys like Tata Consultancy Services, Wipro and HCL Technologies in the next few weeks.
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Given the fact that the first quarter of the financial year is traditionally a weak quarter for Wipro's Indian business, one should not read too much into the guidance, says chief executive officer TK Kurien.
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Despite Tata Consultancy Services (TCS) posting better-than-expected result for Q3, Bhavin Shah, Equirus Securities continues to believe that IT sector is going to see slow growth going forward.
