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KR Choksey expects Wipro to report a 3 percent growth quarter-on-quarter (growth of 12 percent year-on-year) in net profit at Rs 1615 crore.
Motilal Oswal expects Wipro to report a 8.3 percent degrowth quarter-on-quarter (growth of 0.8 percent year-on-year) in net profit at Rs 1592.5 crore.
Nirmal Bang expects Wipro to report a 1.8 percent growth quarter-on-quarter (growth of 1.5 percent year-on-year) in net profit at Rs 1603.3 crore.
The April-June quarter US Dollar revenue growth is expected to rise on the back of the Rupee depreciation. However, margins gains, if any, will be limited due to the wage hikes taken by companies.
Infosys will kick off the first-quarter earnings season for the Indian IT-services industry from July 12, followed by other big boys like Tata Consultancy Services, Wipro and HCL Technologies in the next few weeks.
Wipro shares plunged more than 10 percent on Monday morning after investors slammed India's third largest software services exporter on weak revnue growth in the fourth quarter and muted guidance for April-June.
Given the fact that the first quarter of the financial year is traditionally a weak quarter for Wipro's Indian business, one should not read too much into the guidance, says chief executive officer TK Kurien.
Ankur Rudra, vice president, Ambit Capital, says that the Q4 number posted by Wipro is clearly on the weaker side along with relatively weaker Q1 guidance. The share is expected to move southwards on Monday on back of weak numbers.
India's third largest software services exporter Wipro reported fourth quarter consolidated net profit growth of 17 percent year-on-year (near 1 percent sequentially) to Rs 1,729 crore, helped by new deal wins.
India's third largest software services exporter Wipro will report Jan-Mar earnings on Friday, in what has so far been a mixed quarter. HCL Technologies beat street expectations, Tata Consultancy Services was largely in-line witn estimates and Infosys shocked the street with a disappointing guidance for FY2014.
Despite Tata Consultancy Services (TCS) posting better-than-expected result for Q3, Bhavin Shah, Equirus Securities continues to believe that IT sector is going to see slow growth going forward.
Justifying the brokerage‘s buy rating on Wipro, Aniruddha Mehta, research analyst, IIFL says he is expecting the company to post positive Q4 results tomorrow.
The debate on IT giant Infosys‘ results has multiple angles now, as it is likely to be a big trigger for all IT stocks. The company is going to announce its fourth quarter numbers on Friday. Sandeep Muthangi, Vice President - Research, IIFL Institutional Equities expects the company to give guidance of 12 percent odd growth for the next year.
Software service providers are expected to provide a 1-4 percent sequential revenue growth in Jan-March, which is typicaly a slow quarter given that key decisions related to IT budgets and discretionary spends for the rest of the year are taken by clients during this time.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
Cognizant continues to be bullish on the path ahead with better-than-expected fourth quarter revenue to its credit. R Chandrasekaran, group chief executive officer (tech & operations) of the company is positive on the demand environment.
Software services provider Wipro, which reported better-than-expected earnings for the third quarter on Friday, says there is significant positive change in demand ennvironment going ahead, but volumes in fixed price contracts are expected to decline.
Software services exporter Wipro will report its third quarter results on Friday. Its rivals Tata Consultancy Services, Infosys and HCL Technologies all reported bettered street expectations and now all eyes will be on WIpro to deliver strong growth too.
IT-sector analysts Bhavin Shah, CEO, Equirus Securities and Basu Banerjee, of Quant Research explain to CNBC-TV18 that TCS has retained his numero uno position in the IT sector by the sheer size of its results and all-round performance through out the quarter. Bhavin Shah forecasts that the upside in the stock is limited.
Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
Infosys surprised the street with better-than-expected results for the third quarter. In an interview to CNBC-TV18, Pratish Krishnan, IT Analyst at Antique Broking said, Infosys have maintained the revenue guidance and that has been a big surprise for the quarter.
Motilal Oswal has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect EBIT margin contraction of 20-150bp across tier-I and 80-430bp across tier-II companies.
In an interview with CNBC-TV18, Sandeep Muthangi of IIFL Institutional Equities spoke about his reading and outlook for Infosys, which will announce its third quarter numbers on Friday.
Angel Broking has come out with its earnings estimates on IT sector for December quarter FY13. The research firm expect volume growth to be in the range of 2-3% qoq for tier-I IT companies, with TCS leading the pack. Pricing is expected to remain stable. For tier-II companies, we expect growth to be modest at 1.0-8.0% qoq, with Tech.
Infosys will kick start IT industry earnings for Oct-Dec this week, a seasonally weak quarter for the sector. This time the weakness will be more evident due to the overall slowdown in client spends and the impact of Hurricane Sandy that hit in November.