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Hemang Jani of Sharekhan spoke to CNBC-TV18 about his expectations of the earnings season and L&T results today. Check out his comments.
The management of TCS- N Chandrasekaran, CEO and MD; S Mahalingam, CFO; Ajoy Mukherjee, Head-Global HR and Phiroz Vandrevala, director at TCS, join CNBC-TV18 for insights beyond the company's thried quarter numbers.
TCS country's largest software services exporter - is expected to report a profit after tax of Rs 2,893 crore in the third quarter of FY12, a growth of 18.6% as compared to Rs 2,439 crore in previous quarter.
In an interview to CNBC-TV18, Bhusan said, "In dollar terms, we are expecting 2.7% quarter on quarter growth with a margin expansion of around 210 bps. On the bottomline we are expecting 17% quarter on quarter growth in rupee terms."
Tata Consultancy Services (TCS) - country's largest software services exporter - is expected to report a profit after tax of Rs 2,893 crore in the third quarter of FY12, a growth of 18.6% as compared to Rs 2,439 crore in previous quarter.
Mid-tier software services exporter HCL Technologies will report third quarter earnings on Tuesday, apart from its larger rival Tata Consultancy Services. The results will be keenly eyed amid the Euro zone crisis and global economic uncertainty.
Tata Consultancy Services reports third quarter results on Tuesday, and the results will be keenly eyed by the street, especially after technology bellwether Infosys' guidance shocker last week.
Tata Consultancy Services' subsidiary CMC announced its third quarter results. R Ramanan, the managing director and CEO of CMC tells CNBC-TV18 that they have had 21 client additions.
Infosys posted a good performance for the third quarter of FY’12. Viju George, executive director of JPMorgan says, 2012 could be another year of polarisation in performance for the IT sector. “TCS could steal the show once again in FY13. There could be polarisation in stock returns as well,” he adds.
Sandip Agarwal, IT Analyst, Antique Stock Broking in an interview to CNBC-TV gave reading for IT giant Infosys' Q3 results. He also shared outlook for the stock.
In an interview to CNBC-TV18, Kawaljeet Saluja, associate director and head of research at Kotak Institutional Equities, speaks about his expectation from Infosys and gives his outlook going forward.
Motilal Oswal has come with its December quarterly earning estimates for Information Technology sector.
Motilal Oswal has come with its December quarterly earning estimates for technology sector. The research firm expects Infosys to guide1.5-2.5% USD revenue growth for 4QFY12 and 16.6-16.9% for FY12.
Tech bellwether Infosys will kickstart earnings of software services providers next week and its going to be a tight rope walk between a depreciating rupee and tough business environment in US and Europe.
Angel Broking has come with its quarterly earning estimates for software sector.
After its announcement of below expectation results for the second quarter on Monday, Tata Consultancy Services shares crashed over 7% on Tuesday. However, Sandip Agarwal, IT analyst at Antique Stock Broking says the TCS results have 'nothing negative'.
Tata Consultancy Services shares crashed over 7% on Tuesday as the company’s little lower-than-expected quarterly numbers raised doubts over the software major’s valuations.
In an exclusive interview to CNBC-TV18, N Chandrasekaran, CEO and managing director, S Mahalingam, CFO and executive director, Ajoy Mukherjee, vice president and head of global HR, Phiroz A Vandrevala, director share their take on the earnings of India’s top software services exporter.
Country's largest software exporter Tata Consultancy Services (TCS) today said it has added 20,349 people during the July-September 2011 quarter, its highest number of hiring for any three-month period.
Net profit of Tata TCS has seen a rise of 2.47% (QoQ) at Rs 2,439 crore for the quarter ended September 2011.
TCS Q2 profit up 14.7 percent
Country's largest software services exporter Tata Consultancy Services (TCS) is likely to report a growth of 2.9% QoQ in profit of Rs 2450 crore for the quarter ended September 2011, as per IFRS. Company had posted profit of Rs 2,380.3 crore in previous quarter.
Aniruddha Mehta, research analyst, IIFL India Pvt Client expects TCS’ Q2 margins to expand by 60 bps. Rupee depreciation will have a positive impact on their margins but the IT giant is expected to report foreign exchange loss of Rs 175 crore.
Country's largest software services exporter Tata Consultancy Services (TCS) is likely to report a growth of 2.9% QoQ in profit of Rs 2450 crore for the quarter ended September 2011, as per IFRS. Company had posted profit of Rs 2,380.3 crore in previous quarter.
After Infosys cheered the market on Wednesday, all eyes will now be on Tata Consultancy Services, which reports its second quarter earnings on Monday.