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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.
Software services provider Tech Mahindra's reported profit after tax is expected to go up by 15% quarter-on-quarter to Rs 318 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
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.
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.
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.
Tech Mahindra's Vineet Nayyar, VC, MD & CEO; Sonjoy Anand, the CFO and Amitava Roy, the COO say that despite the challenging global environment, the company has managed to deliver a satisfactory third quarter.
Software services provider Tech Mahindra is expected to report a profit after tax of Rs 281.45 crore in the October-December quarter of FY12, a mild growth of 1.8% as compared to Rs 276.5 crore in the previous quarter.
Software services provider Tech Mahindra is expected to report a profit after tax of Rs 281.45 crore in the October-December quarter of FY12, a mild growth of 1.8% as compared to Rs 276.5 crore in the previous quarter.
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.
Angel Broking has come with its quarterly earning estimates for software sector.
Wage hikes and poor BT revenues lead to a disappointing 13% fall in profits to Rs 240 crore for Tech Mahindra, India’s 5th largest IT exporter.
Mahindra and Mahindra group company Tech Mahindra is expected to report a profit after tax of Rs 259.6 crore in the second quarter of FY12, a fall of 6% as compared to Rs 276.5 crore in the previous quarter.
Emkay has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, Tech Mahindra September quarter net sales are expected to go up by 5.3% at Rs 1361.2 crore, quarter-on-quarter, (QoQ) basis.
Infosys is expected to announce its second quarter result on October 12. Most experts feel that the recent fall in the rupee will help boost Q2 earnings of the Indian IT companies like Infosys. Ashwin Mehta from Nomura India too feels that Infosys is likely to benefit most from the rupee's depreciation.
CNBC-TV18’s Kritika Saxena caught up with the company’s vice chairman, managing director and CEO, Vineet Nayyar and CFO Sonjoy Anand on their outlook for FY12 and the Mahindra Satyam - Tech Mahindra merger timeline.
Tech Mahindra is expected to report a profit after tax of Rs 278.6 crore in the first quarter of FY12 as against Rs 92.1 crore in the previous quarter (The big skew is due to Satyam accounting (Profit of Rs 225 crore versus loss of Rs 327 crore)).
Angel Broking has come out with its earning estimates on IT sector for the quarter ended June 2011. According to the research firm, Tech Mahindra June quarter net sales are expected to go up by 2.1% at Rs 1,288 crore, quarter-on-quarter, (QoQ) basis.
Speaking exclusively to CNBC TV18, Vineet Nayyar, the vice-chairman and Sonjay Anand, CFO of the IT major say the company’s total exceptional costs accounted to “USD 125 million, which is over Rs 500 crore” in the fourth quarter.
Tech Mahindra's Q4 net profit rose 0.5% (excluding Satyam losses) to Rs 206.5 crore. "When we merge the Satyam results then it ends up in a loss basically because it reflects the one-time payment which was made for setting the class section lawsuit," vice chairman Vineet Nayyar said.
Tech Mahindra is to announce its fourth quarter results. The company's Q4 rupee revenues are seen up 3.5% at Rs 1253 crore versus Rs 1211.1 crore