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For Kawaljeet Saluja of Research at Kotak Institutional Equities, Infosys remains a top pick backed by accelerated growth. However, TCS still remains an add.
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A day after TCS posted a largely muted set of quarterly earnings, CEO N Chandrasekaran said the company was witnessing 'weak spots' in the business and said its constant currency growth could see a "gap of 1.5-2 percent...explained by softness" in certain areas of the business.
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Sarabjit Kaur Nangra, VP-research from Angel Broking says while the revenue miss is disappointing, but the core matrix drivers in terms of volume has done fairly well. The miss has probably come from currency, she adds
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Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
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Dollar revenue growth may be 3.6 percent at USD 4,181 million in the quarter ended September 2015 and 4.2-4.3 percent in constant currency.
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In an interview to CNBC-TV18, Nischal Maheshwari, Co-Head, Institutional Equities & Head-Research at Edelweiss Securities shared his readings and outlook on the upcoming earning season.
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IIFL analyst Sandeep Muthangi advises investors to add Infosys to their portfolios.
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Infosys' first quarter dollar revenues in constant currency terms surged 4.4 percent to USD 2.25 billion, ahead of both the previous quarter's number and analyst forecasts.
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In an interview with CNBC-TV18, Vibhor Singhal, Analyst at PhillipCapital, outlined his expectations from Infosys earnings, which is slated to declare numbers tomorrow.
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The company‘s digital business grew at a fast clip in the June quarter, and accounted for 12.5 percent of overall sales.
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In an interview to CNBC-TV18, Girish Pai, Head of Research at Nirmal Bang Institutional Equities shared his reading and outlook on TCS and overall IT sector.
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CLSA has slashed FY16-17 growth to 15 percent year-on-year. Despite TCS‘ organic constant currency revenue growth rates slowing down as small parts of its portfolio result in misses, underlying growth trajectory remains sector leading which will support premium multiples, according to the brokerage.
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While agreeing that there is heightened competitiveness, Rajesh Gopinathan, CFO and Vice-President, TCS, is confident of achieving growth better than industry. He also adds that the company saw a currency tailwind of 70 basis points on margins.
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Speaking to CNBC-TV18's Menaka Doshi, N Chandrasekaran, chief executive officer and managing director, Tata Consultancy Services, says analysts should not read a lot into the weakness seen in the company's consulting business.
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Net sales are expected to increase by 7 percent Q-o-Q (up 17.2 percent Y-o-Y) to Rs 25915.1 crore, according to Emkay Global Financial Services.
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Net sales are expected to increase by 5.5 percent Q-o-Q (up 15.5 percent Y-o-Y) to Rs 25541.4 crore, according to IndiaNivesh Securities, says IndiaNivesh Securities.
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In an interview to CNBC-TV18, Nischal Maheshwari of Edelweiss, says capital goods and private banks will post stronger numbers while metals and cement Q1 results would be a drag on the market.
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Preferring Infosys over TCS in terms of valuations, Menon says a 3.2 percent dollar growth is expected of Infosys. He says its margins and growth are likely to converge with that of TSC's.
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Revenue is likely to increase by 6.36 percent quarter-on-quarter to Rs 25,759 crore and dollar revenue may inch up by 4.2 percent to USD 4,065 million in the quarter ended June 2015.
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Negative sentiment may have been already priced in as two other mid-cap companies Persistent and KPIT Technologies have also issued earnings warnings. Persistent had alerted investors that certain client specific issues could result in dollar revenue decline sequentially.
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Investors should focus on the positive guidance laid out by the company, which sounds “achievableâ€, according to Kawaljeet Saluja, executive director and head of research, Kotak Institutional Equities.
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Wipro reported a 3.6 percent rise in its fourth quarter consolidated profit at Rs 2,272 crore. The company‘s revenue for the same period increased by 0.7 percent to Rs 12,171.4 crore compared to December quarter.
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HCL Technologies' third quarter (January-March) profit after tax is seen falling 6.16 percent sequentially to Rs 1,797 crore from Rs 1,915 crore on adverse cross currency impact, according to a CNBC-TV18 poll.
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TCS vice-president and CFO Rajesh Gopinathan believes the company is entering FY16 in a positive business environment.
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The company‘s fourth-quarter revenues fell 1.1 percent to Rs 24,220 crore with EBIT falling 0.5 percent to Rs 6,591 crore while net profit (adjusted for one-time employee bonus) rose 8.4 percent to Rs 5,906 crore.
