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Software services provider Wipro is set to declare its fourth quarter numbers on Wednesday. CNBC-TV18 poll expects the company to report a growth of just 1% QoQ in its consolidated profit after tax of Rs 1,471 crore for the fourth quarter of FY12.
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.
Harit Shah, senior research analyst at Nirmal Bang Institutional Equities, tells CNBC-TV18 that Rs 165-166 is a more reasonable EPS target for Infosys in FY13
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.
In an interview to CNBC-TV18, Vineet Agrawal, president--consumer care & lighting, Wipro says, all businesses have done well. “Going forward, we expect that we should be able to outperform the industry,” he adds.
Wipro said it expects USD 1.52 billion to USD 1.55 billion revenue from its IT services unit, which contributes three-quarters of its total sales, in the March quarter, a sequential rise of nearly 1% to 3%.
Wipro will be the last of the IT giants to release its quarterly results and everyone's waiting to see if it manages to put two weak quarters behind it.
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."
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.
Third largest software exporter Cognizant Technology Solutions has beaten rival Wipro for the second consecutive quarter by posting 31.6% growth in revenue at USD 1.60 billion for the July-September period.
A jubilant Wipro is gaining fast on the bourses today after it posted a better-than-expected second quarter earnings today. The software service provider company has managed to improve it volume growth at a time when the world economy is grappling with various crisis and downgrades.
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'.
After Infosys cheered the market on Wednesday, all eyes will now be on Tata Consultancy Services, which reports its second quarter earnings on Monday.
Emkay has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, Wipro September quarter net sales are expected to go up by 5.3% at Rs 9017.1 crore, quarter-on-quarter, (QoQ) basis.
Although Kawaljeet Saluja, associate director and head of research, Kotak Institutional Equities, expects a 5% dollar revenue growth in Q2, he said, the company may knock off a percent or two from the dollar revenue growth guidance for FY12.