-
IT major TCS managed to beat street estimates and declared good set of fourth quarter earnings on Wednesday. The company remains confident to clock better growth in FY14 than FY13 and aims to exceed upper end of industry body Nasscom‘s guidance in FY14.
-
India's largest software services exporter Tata Consultancy Services is confident of beating NASSCOM's industry growth guidance in the current financial year.
-
The opinion on the street is unanimous for IT sector – Infosys is an underperformer, HCL Tech a dark horse and TCS a consistent outperformer.
-
India's largest software services exporter Tata Consultancy Services will report fourth quarter results on Wednesday. Infosys disappointed the street last week, forecasting FY14 US Dollar revenue growth much lower than what industry body NASSCOM expects.
-
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
-
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
-
Cognizant continues to be bullish on the path ahead with better-than-expected fourth quarter revenue to its credit. R Chandrasekaran, group chief executive officer (tech & operations) of the company is positive on the demand environment.
-
In an interview to CNBC-TV18, Bill McDermot, CEO, SAP said that there biggest growing area is computing in HANA. “The company has the fastest growing database business in the world now with Cloud growing in triple digits,†added McDermot.
-
Tata Consultancy Services shares gained 3 percent on Tuesday following its better-than-expected performance in the third quarter and several brokerages raised their earnings forecast.
-
In an exclusive interview to CNBC-TV18, CEO & MD of the company, N Chandrasekaran said clients appear decisive about IT budgets.
-
The India's largest software services exporter TCS' revenue rose 3 percent sequentially (22 percent year-on-year) to Rs 16,070 crore.
-
IT-sector analysts Bhavin Shah, CEO, Equirus Securities and Basu Banerjee, of Quant Research explain to CNBC-TV18 that TCS has retained his numero uno position in the IT sector by the sheer size of its results and all-round performance through out the quarter. Bhavin Shah forecasts that the upside in the stock is limited.
-
Credit Suisse has retained its neutral rating on Infosys despite the IT major‘s better-than-expected third quarter numbers. The brokerage prefers HCL Tech and TCS, which are more attractively valued, in comparison.
-
Tata Consultancy Services (TCS), the largest software services exporter in India, is set to declare its earnings for the third quarter ended December 2012 on Monday evening (after market hours). Analysts on an average expect profit after tax to go down by 3 percent quarter-on-quarter to Rs 3,410 crore in the quarter.
-
Shares in Infosys closed up 16.8 percent on Friday as it surprised the street with an unexpected rise in its fiscal year revenue estimate and stellar third-quarter results.
-
Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
-
Infosys surprised the street with better-than-expected results for the third quarter. In an interview to CNBC-TV18, Pratish Krishnan, IT Analyst at Antique Broking said, Infosys have maintained the revenue guidance and that has been a big surprise for the quarter.
-
Motilal Oswal has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect EBIT margin contraction of 20-150bp across tier-I and 80-430bp across tier-II companies.
-
In an interview with CNBC-TV18, Sandeep Muthangi of IIFL Institutional Equities spoke about his reading and outlook for Infosys, which will announce its third quarter numbers on Friday.
-
Angel Broking has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect volume growth to be in the range of 2-3% qoq for tier-I IT companies, with TCS leading the pack. Pricing is expected to remain stable. For tier-II companies, we expect growth to be modest at 1.0-8.0% qoq, with Tech.
-
Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.
-
Slower growth in discretionary spending and delays in decision making of clients may continue to hurt Indian IT companies' revenue growth in the December quarter, analysts today said.
-
Infosys has sounded the warning bell. The IT bellwether has prompted fears that it could revise its guidance lower. Its top management has told analysts that it expects challenges in meeting its whole year dollar revenue guidance, reports Sunanda Jayaseelan of CNBC-TV18.
-
Maintaining its lead over Infosys for the second quarter in a row, Cognizant today posted 18.2 per cent growth in revenue to USD 1.892 billion in the July-September 2012 quarter.
-
Tata Consultancy Services' shares rose over 3% on Monday morning as the street cheered another quarter of strong growth. Many analysts feel it could continue its outperformance over local software services rival Infosys and have raised their target price on the stock.
