India's top four information technology players are likely to report muted growth in sales and net profit for the March 2013 quarter due to seasonally weak demand — with clients in the process of finalizing their IT budgets— and range-bound currency movement sequentially. Given this scenario, IT vendors will find it difficult to post a better growth than what they had reported in the previous quarter.
For the four top players — TCSBSE -0.04 %, Infosys,WiproBSE 2.26 % and HCL TechnologiesBSE 0.47 %— aggregate revenue is expected to grow 2.2% for the March 2013 quarter, compared with 3.6% in the previous quarter.
Net profit growth for the quarter is expected to slow down to 1.6% from 2.8%. Among the four, HCL Technologies is expected to report relatively better performance. Its revenue and net profit are expected to sequentially grow 3.2% and 2.4%, respectively for the three months to March 31, 2013, the third quarter of its fiscal year.
TCS, the country's largest IT exporter, is expected to grow revenue sequentially by 2.4% and net profit by 1.7%. Investors will be keen to know whether Infosys BSE 0.46 % would be able to surprise the markets once again, after reporting a strong sequential revenue growth of 5.7% for the December 2012 quarter. The company is likely to report a 1.8% increase in top line and 2% increase in net profit for the March quarter.
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