Monday, July 12, 2010

Infosys: Net profit can fall 7%, EPS upgrade likely...


Infosys Technologies is second largest IT bellwether as per CNBC-TV18 estimate, is likely to description as 3.25% immerse in its net revenue for the first quarter of FY11. It is predictable to come in at Rs 1,564.47 crore from Rs 1,617 crore, on a quarter-on-quarter basis.

The company’s revenues, largely ambitious by volumes, are seen going up to Rs 6,213.94 crore as beside Rs 5,944 crore. In dollar terms, the same are likely to go up to USD 1364 million against USD 1296 million. The BFSI vertical is predictable to be the best performer.

As per CNBC-TV18 estimates, the earning before interest, downgrading, tax and amortisation margin is seen moribund at 32.88% versus 34% on the back of higher volumes. However, the company is expected to surpass Q1 guidance. And the administration is seen guiding 4% revenue growth for the second quarter.

CNBC-TV18 estimates that the FY11 management is built on Rs 44.5-a-dollar rate. And in Q1 rupee/ dollar average is 45.9. “We are expecting the rupee guidance to be raised because they normally work on the currency, which has depreciate” says DSP Merrill Lynch's Jyotivardhan Jaipuria.




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