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Seasonal collision of slighter operational days and furloughs may end result
in reasonable quarter-on-quarter proceeds increase of 2-4 per cent for Indian
IT firms like TCS and Infosys in the October-December 2013 sector, analysts on
Tuesday said. Conventionally, the October-December section is a feeble quarter for IT companies as the numeral of functioning days is slighter compared to other residence unpaid to the celebration period at the consumer locations. "We look ahead to tier-1 IT combined expansion to sensible to 3.2 per cent q-o-q, given recurring impacts of slighter operational days and year-end shutdowns/furloughs," Nomura Equity investigate said in a statement. It extra that while TCS and Wipro are expected to escort the reckon in terms of USD returns expansion, Infosys is probable to lag. The sector is predictable to be honest for Cognizant, HCL Technologies and Tech Mahindra. The earnings period will be kicked off by Infosys announcing its numbers for October-December sector on January 10, followed by HCL Technologies on January 16 and Wipro on January 17. Tata Consultancy Services (TCS) is yet to proclaim the date. According to Angel Broking, quantity expansion in the sector will be impacted by lesser working days, furloughs crosswise industries and inferior expenses in verticals like trade, built-up and in services like consulting and endeavor solutions. |
Showing posts with label TCS. Show all posts
Showing posts with label TCS. Show all posts
Moderate income predictable for IT cos in Q3: Analysts
Market sentiments improve, Sensex surges over 200 points
Benchmark indices have closed higher, amid volatile trading session led by FMCG and IT shares.
Meanwhile, the Centre's fiscal deficit ballooned to almost 63% of Budget Estimates for 2013-14 in just first four months of the year.
The deficit stood at Rs 3.40 lakh crore (Rs 3.4 trillion) in April-July period, which was 62.8% of Rs 5.42 lakh crore pegged in the Budget, according to data released by the Controller General of Accounts (CGA).
The 30-share Sensex ended up 219 points at 18,620 and the 50-share Nifty ended up 63 points at 5,472.
Prime Minister Manmohan Singh said that the rupee's tumble is a "matter of concern" but is part of a needed adjustment due to India's large current account deficit.
Singh said that rupee depreciation will see upward pressure on inflation, but added that RBI will work on containing it.
Indian economy will grow at about 5.5% in the current fiscal and the first quarter numbers are expected to be relatively flat, Prime Minister Manmohan Singh said today.
The key trigger for markets now will be first quarter GDP data scheduled later today.
Moody's Analytics, the research and analysis wing of Moody’s expects the Gross Domestic Product (GDP) growth for the first quarter to be at 4.5%.
On the global front, Asian stocks rose and oil prices tumbled as a possible U.S. military strike on Syria appeared less likely, while the dollar remained not far from a three-week high against a basket of currencies after upbeat US growth data.
Click NEXT to read further. . .
Meanwhile, the Centre's fiscal deficit ballooned to almost 63% of Budget Estimates for 2013-14 in just first four months of the year.
The deficit stood at Rs 3.40 lakh crore (Rs 3.4 trillion) in April-July period, which was 62.8% of Rs 5.42 lakh crore pegged in the Budget, according to data released by the Controller General of Accounts (CGA).
The 30-share Sensex ended up 219 points at 18,620 and the 50-share Nifty ended up 63 points at 5,472.
Prime Minister Manmohan Singh said that the rupee's tumble is a "matter of concern" but is part of a needed adjustment due to India's large current account deficit.
Singh said that rupee depreciation will see upward pressure on inflation, but added that RBI will work on containing it.
Indian economy will grow at about 5.5% in the current fiscal and the first quarter numbers are expected to be relatively flat, Prime Minister Manmohan Singh said today.
The key trigger for markets now will be first quarter GDP data scheduled later today.
Moody's Analytics, the research and analysis wing of Moody’s expects the Gross Domestic Product (GDP) growth for the first quarter to be at 4.5%.
On the global front, Asian stocks rose and oil prices tumbled as a possible U.S. military strike on Syria appeared less likely, while the dollar remained not far from a three-week high against a basket of currencies after upbeat US growth data.
Click NEXT to read further. . .
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