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Country's largest software services exporter Tata Consultancy Services (TCS) will announce its first quarter results tomorrow after market hours. Analysts on average expect the profit after tax to grow by 10.8% quarter-on-quarter to Rs 3,250 crore in the quarter ended June 2012, according to CNBC-TV18 estimates.
Country's largest software services exporter Tata Consultancy Services (TCS) will announce its first quarter results tomorrow after market hours. Analysts on average expect the profit after tax to grow by 10.8% quarter-on-quarter to Rs 3,250 crore in the quarter ended June 2012, according to CNBC-TV18 estimates.
India's top IT services provider Tata Consultancy Services is expected to put up a better first quarter performance than rival Infosys which will announce its first quarter results early Thursday.
Due to the weak global demand environment and adverse cross-currency movements, Sandeep Muthangi of IIFL Institutional Equities says IT major Infosys may cut its dollar revenue guidance for the year.
The earnings season will move into top gear with India's second largest IT services provider Infosys reporting its quarterly earnings on Thursday. Rival Tata Consultancy Services will also report its earnings on the same day.
Motilal Oswal has come with its earning estimates on IT sector for June the quarter. Acording to the research firm, currency benefits to reflect in margins at Wipro and HCL Tech.
Prabhudas Lilladher has come with its earning estimates on IT sector for June quarter. According to the research, Tier 2 IT companies to participate in the growth momentum.
Dolat Capital has come with its earning estimates on IT sector for June quarter. According to the research firm, growth in the reported Rupee revenues would be strong owing to sharp fall of Rupee versus USD (7% average decline on QoQ basis).
Angel Broking has come with its earning estimates on IT sector for June quarter. The research firm expects 1QFY2013 to be better than 4QFY2012.
Emkay Global Financial Services has come with its earning estimates on IT sector for June quarter. The research firm expect a subdued quarter from our Tier I IT services coverage universe with cross currency moves (100-150 bps QoQ adverse impact) driving further weakness in US$ revenue growth.
It is likely to be a subdued start to the June quarter earnings season as a weak demand environment could keep growth rates of IT companies in check.
Global IT major SAP has announced its Q1 results. SAP co-chief executive Bill Mcdermott explains to CNBC-TV18 that the company‘s outlook for India was upbeat thanks to the demand for cloud computing and big data tools
After India's top software services exporter TCS reported strong results on Monday, it‘s the turn of its rival Wipro to report fourth quarters numbers on Wednesday.
Two companies, one sector, yet significantly diverse views. The results announcements of Infosys and Tata Consultancy Services paint two different pictures for India's IT industry in FY13.
India's top software services exporter Tata Consultancy Services' consolidated fourth quarter net profit grew 23% year-on-year and 1.6% sequentially to Rs 2,932.4 crore. In an interview to CNBC-TV18, the company's management speak about the Q4 numbers and give their outlook going forward.
India's top software services exporter Tata Consultancy Services reported consolidated net profit for January-March quarter at Rs 2,932.4 crore, a growth of 23% year-on-year and 1.6% sequentially.
TCS's earnings before interest and tax (EBIT) is likely to fell by 4.84% to Rs 3,675 crore in the quarter ended March 31, 20112 from Rs 3,861.8 crore in the earlier quarter.
Country's largest software services exporter Tata Consultancy Services (TCS) is set to report its quarterly earnings today evening. CNBC-TV18 poll expects the company to report profit after tax of Rs 2,837 crore in the fourth quarter of financial year 2011-12, degrowth of 1.7% as compared to Rs 2,886.6 crore in the previous quarter.
Come Monday and all eyes will be on the fourth quarter earnings announcement of Tata Consultancy Services.
Prabhudas Lilladher has come out with its earnings estimates on IT sector for March quarter FY12. The research firm remains neutral in the near term, but optimistic about the back-ended growth and expects the guidance and outlook to be soft.
In the debate between TCS and Infosys, Sandeep Muthangi of IIFL tells CNBC-TV18 that he picks Wipro.
Motilal Oswal has come out with its earnings estimates on technology for March FY12. The research firm expects muted growth as sluggish decision cycles compound seasonality.
Infosys will kick-off IT sector earnings this week. There has been a lot of uncertainty and speculation over the actual business environment for outsourcing companies, as Cognizant Technologies gave a weak guidance, even as Accenture reported strong order bookings.
Angel Broking has come out with its results estimates on Information Technology sector for March FY12.
Emkay Global Financial Services has come out with its March quarterly earning estimates for IT sector.