MUMBAI (Reuters) - computer code services bourgeois Infosys Ltd met expectations on Fri with a three.7 p.c year-on-year increase in quarterly lucre as contract wins and exchange gains boosted earnings, lifting its shares ten p.c in pre-open trade.
Consolidated lucre for the financial half-moon terminated June thirty rose to twenty three.74 billion rupees from twenty two.89 billion rupees within the same year-ago amount.
The profit compares with the twenty three.3 billion rupee average of eighteen analyst estimates in line with Thomson Reuters I/B/E/S for the corporate, whose customers embody Bank of America, BT Group, Procter & Gamble Co and Volkswagen atomic number 47.
Infosys additionally maintained its forecast for 6-10 p.c revenue growth for this 2013/14 yr.
Following area unit fast comments from analysts.
JAGANNADHAM THUNUGUNTLA, EQUITY HEAD, SMC international SECURITIES, NEW DELHI
"A range of things looks to own worked in their favour as well as a weaker rupee, Murthy returning at the helm and also the U.S. economy wanting up a little. The stock was commercialism at a pointy discount to its peers on P/E multiples and this can be the push the stock required."
PHANI SEKHAR, FUND MANAGER, ANGEL BROKING, MUMBAI
"Generally you'll be able to conclude that the worst is over for them however it remains to be seen however quickly they will live through here. we want to observe whether or not the management sees any air pockets going forward.
"You will assign it to Murthy magic. If they need deviated from their Infosys three.0 strategy to specialize in a lot of mundane work on a lower cost to raise volume, that may be a decent strategy and you'll be able to expect that sort of pragmatism from Murthy."
TARUN SISODIA, DIRECTOR, CHANAKYA NITI PVT LTD, MUMBAI
"This is much higher than what some individuals within the market were expecting. The earnings are pretty volatile within the previous couple of quarters and this point round the expectations were muted given what went on within the company recently.
"I assume the stock ought to currently opt for re-rating."
SANDIP SABHARWAL, CEO, PORTFOLIO MANAGEMENT SERVICES, PRABHUDAS LILLADHER, MUMBAI
"It's a decent begin for earnings season. Infosys has overwhelmed our down expectations. steerage has been maintained and that i assume rupee steerage would be overwhelmed still.
Consolidated lucre for the financial half-moon terminated June thirty rose to twenty three.74 billion rupees from twenty two.89 billion rupees within the same year-ago amount.
The profit compares with the twenty three.3 billion rupee average of eighteen analyst estimates in line with Thomson Reuters I/B/E/S for the corporate, whose customers embody Bank of America, BT Group, Procter & Gamble Co and Volkswagen atomic number 47.
Infosys additionally maintained its forecast for 6-10 p.c revenue growth for this 2013/14 yr.
Following area unit fast comments from analysts.
JAGANNADHAM THUNUGUNTLA, EQUITY HEAD, SMC international SECURITIES, NEW DELHI
"A range of things looks to own worked in their favour as well as a weaker rupee, Murthy returning at the helm and also the U.S. economy wanting up a little. The stock was commercialism at a pointy discount to its peers on P/E multiples and this can be the push the stock required."
PHANI SEKHAR, FUND MANAGER, ANGEL BROKING, MUMBAI
"Generally you'll be able to conclude that the worst is over for them however it remains to be seen however quickly they will live through here. we want to observe whether or not the management sees any air pockets going forward.
"You will assign it to Murthy magic. If they need deviated from their Infosys three.0 strategy to specialize in a lot of mundane work on a lower cost to raise volume, that may be a decent strategy and you'll be able to expect that sort of pragmatism from Murthy."
TARUN SISODIA, DIRECTOR, CHANAKYA NITI PVT LTD, MUMBAI
"This is much higher than what some individuals within the market were expecting. The earnings are pretty volatile within the previous couple of quarters and this point round the expectations were muted given what went on within the company recently.
"I assume the stock ought to currently opt for re-rating."
SANDIP SABHARWAL, CEO, PORTFOLIO MANAGEMENT SERVICES, PRABHUDAS LILLADHER, MUMBAI
"It's a decent begin for earnings season. Infosys has overwhelmed our down expectations. steerage has been maintained and that i assume rupee steerage would be overwhelmed still.
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