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Sarabjit Kour Nangra of Angel Broking said that she was disappointed with the guidance number as Wipro has made a few acquisitions and sees a sharp down trend in its stock on Thursday.
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CLSA says that stronger revenue, receding headwinds and improved commentary drive revenue and earnings upgrades of 1 percent.
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In the largecap tech stocks, Urmil Shah, Research Analyst, Institutional Equities, IDBI Capital, prefers Infosys and HCL Tech and believes the former can reach valuations of 20 times by next year. Shah has a target price of Rs 1,381 on Infosys and believes it has higher upside compared to TCS.
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Rahul Jain of Systematix Shares and Stocks pointed out that contribution from the digital segment has seen good improvement, adding, he expects this segment to provide reasonable incremental revenue going forward.
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The company today reported volume growth of 3.2 percent and digital revenue growth of 15.5 percent in the fourth quarter.
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Sales are expected to increase by 4 percent Q-o-Q (up 17.5 percent Y-o-Y) to Rs 28456.6 crore, according to Motilal Oswal.
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The sterling results posted by IT major Infosys makes it a preferred pick over rival TCS, which is slated to post its own results later today, says Prabhudas Lilladher IT Analyst Govind Agarwal.
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According to a CNBC-TV18 poll, TCS Q4 dollar revenue is expected to increase 1.4 percent at USD 4205 million compared to USD 4145 million on sequential basis. In rupee terms, revenue may grow 3.6 percent at Rs 28345 crore versus Rs 27364 crore quarter-on-quarter. Revenue is seen up 1.7-1.8 percent in constant currency.
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Headwinds from depreciation of the British pound (GBP) and other cross-currency movements may also negatively impact USD revenues by 30-50 basis points for the said quarter.
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Speaking to CNBC-TV18, Gautam Chhaochharia said that he expects an earnings growth of around 10 percent for the fiscal year 2017 and sees a strong fourth quarter for the pharma sector on a year-on-year basis.
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Expectation from Infosys is reasonable owing to large deal wins over the last nine months, says Sandeep Muthangi, IT Analyst, IIFL-Institutional Equities.
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Here's a quick comparison between India's top IT giants.
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Nilesh Shah, MD and CEO of Envision Capital, dubbed the performance as "industry leading, peer beating", something that has happened after a long time.
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Shashi Bhusan, IT Analyst at IDFC Securities says Persistent Systems will deliver the strongest growth driven by its Aepona business.
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Rajesh Gopinathan, CFO & Vice President, says TCS will continue to persist with its two quarter forward rolling strategy of currency hedging.
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Goldman Sachs has reduced target price to Rs 2600 from Rs 2670 per share as it believes TCS's sector-leading cash returns justify its 15 percent premium versus sector on FY17. It has also changed its FY16-FY18 earnings per share (EPS) by up to 1 percent factoring in Q3 revenue growth miss.
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Kawaljeet Saluja, ED and Head of Research in Kotak Equities said that FY17 is likely to be a muted year for the IT services growth and expects TCS to grow at 11-12 percent for the next few years.
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Traditionally December quarter has always been weak for IT companies because of the holiday season which leads to fewer billing days. This time, the weakness was further aggravated by troubles in the Indian market, which included the Chennai floods
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Deepak Shenoy of capitalmind.in believes that the Tata Consultancy Services (TCS) numbers are not particularly impressive and might weigh on the stock on Wednesday.
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Sandip Agarwal of Edelweiss Financial Services has a hold on TCS and buy on Infosys, HCL Tech.
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Revenues are expected to increase by 1.3 percent Q-o-Q (up 12.3 percent Y-o-Y) to Rs 27,514 crore, according to ICICIdirect.
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India's largest IT services provider Tata Consultancy Services (TCS) is likely to kick-start December quarter earnings season on a tepid note. The entire IT sector may see a muted growth in Q3, which is not unexpected, due to seasonality and Chennai floods adding to the pain.
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Nomura feels overall USD revenue growth is likely decelerate to 8.5 percent Y-o-Y posting ninth straight quarter of deceleration from a peak of 15.4 percent Y-oY. Cross currency moves will again likely hit USD revenues by 30-60 bps across tier 1 IT companies.
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Brokerages are still bullish on the stock. Most analysts are, however, concerned about its Japan business, insurance platform Diligenta and high hiring guidance.
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TCS CFO Rajesh Gopinathan is confident the IT behemoth will make the transition and says its mammoth size will not be an "inherent disadvantage".
_5731_356.jpg?impolicy=website&width=135&height=80 "Infosys vs TCS: The race is no longer one-sided")
