Click to play videoNew Delhi: Big boy Infosys will announce it’s second quarter results on Wednesday. Known to nearly always meeting its targets, the September quarter is traditionally one of the strongest for the company. This year, there is the added sweetener of a weak rupee and strong volume growth.
Though the billing rates are expected to stay flat, most analysts as hoping that Infy will be able to surprise on the upside. Besides, it’s not just its performance, the annual guidance and the marginal upward revision in the company’s outlook is being expected this time.
(CNBC-TV18 Estimates) INFOSYS Q2FY07 (QoQ) |
 Net Profit up 7.59 per cent from Rs 794 cr to Rs 854.26 cr. |
| Revenues up 10.35 per cent from Rs 3015 cr to Rs 3327 cr |
Analysts are of view that Infy’s earnings per share target, (an important barometer of valuing shares) could go up to Rs 64 per share.
INFOSYS
Q2 Expectations:
- Strong volume growth expected
- OPM to improve by 175 bps
- Strong employee addition expected; 4600 in software business and 500 in BPO
- Other income to be lower at Rs 78 cr vs Rs 125 cr
- Annual guidance to be upped marginally
With the pre earnings jitters taking the bounce out of Sensex, it’s up to the Infosys now to bring sparkle back on Dalal Street.
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