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TCS, Infosys trade firm ahead of Q3 results

Infosys was up nearly 3% at Rs 997, while TCS up 1% at Rs 2,345 on the NSE.

SI Reporter  |  Mumbai 

TCS, Infosys

Shares of Tata Consultancy Services (TCS) and were trading firm on the National Stock Exchange (NSE) ahead of their October-December results (Q3FY17).

was up nearly 3% at Rs 997, while up 1% at Rs 2,345 on the NSE, as compared to 1.56% rise in Nifty index and 0.26% gain in the Nifty 50 index at 03:00 pm.


is schedule to announce its Q3 results today, on January 12, 2017, and will declare its Q3 earnings on Friday, January 13.

Q3 is typically a soft quarter for information technology (IT) sector due to furloughs and holiday season. The quarter under review will witness further weakness due to sharp cross currency (CC) pain (GBP/Euro/Yen are down 5.3%/3.3%/6.2% versus USD).

Analysts at Edelweiss Securities expects earnings before interest, tax, depreciation and amortization (EBITDA) margins of and to improve by 60 basis points and 50 basis points, respectively quarter on quarter gaining from operational efficiency and pyramid rationalization.

“While 3QFY17 is expected to be soft, we reiterate the fact that lead indicators are turning positive as reflected in the improvement in US economy, particularly US financials, consumer confidence index, retail sales, new home sales, employment etc. If the trajectory sustains, there could be an upside to our and consensus revenue growth estimates of 8%-10% for the next two years. Any severe than expected action on, the immigration policy front remains the key risk,” analysts at Antique Stock Broking said in Q3 results preview.

Analysts at JM Financial Institutional Securities expects to leave its FY17 CC revenue growth guidance unchanged at 8-9% though reported currency guidance could be adjusted for the sharp cross-currency move.

Among the other individual stocks, Tech Mahindra, HCL Technologies and Wipro were up in the range of 1% to 2% on the NSE.

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TCS, Infosys trade firm ahead of Q3 results

Infosys was up nearly 3% at Rs 997, while TCS up 1% at Rs 2,345 on the NSE.

Infosys was up nearly 3% at Rs 997, while TCS up 1% at Rs 2,345 on the NSE.
Shares of Tata Consultancy Services (TCS) and were trading firm on the National Stock Exchange (NSE) ahead of their October-December results (Q3FY17).

was up nearly 3% at Rs 997, while up 1% at Rs 2,345 on the NSE, as compared to 1.56% rise in Nifty index and 0.26% gain in the Nifty 50 index at 03:00 pm.

is schedule to announce its Q3 results today, on January 12, 2017, and will declare its Q3 earnings on Friday, January 13.

Q3 is typically a soft quarter for information technology (IT) sector due to furloughs and holiday season. The quarter under review will witness further weakness due to sharp cross currency (CC) pain (GBP/Euro/Yen are down 5.3%/3.3%/6.2% versus USD).

Analysts at Edelweiss Securities expects earnings before interest, tax, depreciation and amortization (EBITDA) margins of and to improve by 60 basis points and 50 basis points, respectively quarter on quarter gaining from operational efficiency and pyramid rationalization.

“While 3QFY17 is expected to be soft, we reiterate the fact that lead indicators are turning positive as reflected in the improvement in US economy, particularly US financials, consumer confidence index, retail sales, new home sales, employment etc. If the trajectory sustains, there could be an upside to our and consensus revenue growth estimates of 8%-10% for the next two years. Any severe than expected action on, the immigration policy front remains the key risk,” analysts at Antique Stock Broking said in Q3 results preview.

Analysts at JM Financial Institutional Securities expects to leave its FY17 CC revenue growth guidance unchanged at 8-9% though reported currency guidance could be adjusted for the sharp cross-currency move.

Among the other individual stocks, Tech Mahindra, HCL Technologies and Wipro were up in the range of 1% to 2% on the NSE.

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Business Standard
177 22

TCS, Infosys trade firm ahead of Q3 results

Infosys was up nearly 3% at Rs 997, while TCS up 1% at Rs 2,345 on the NSE.

Shares of Tata Consultancy Services (TCS) and were trading firm on the National Stock Exchange (NSE) ahead of their October-December results (Q3FY17).

was up nearly 3% at Rs 997, while up 1% at Rs 2,345 on the NSE, as compared to 1.56% rise in Nifty index and 0.26% gain in the Nifty 50 index at 03:00 pm.

is schedule to announce its Q3 results today, on January 12, 2017, and will declare its Q3 earnings on Friday, January 13.

Q3 is typically a soft quarter for information technology (IT) sector due to furloughs and holiday season. The quarter under review will witness further weakness due to sharp cross currency (CC) pain (GBP/Euro/Yen are down 5.3%/3.3%/6.2% versus USD).

Analysts at Edelweiss Securities expects earnings before interest, tax, depreciation and amortization (EBITDA) margins of and to improve by 60 basis points and 50 basis points, respectively quarter on quarter gaining from operational efficiency and pyramid rationalization.

“While 3QFY17 is expected to be soft, we reiterate the fact that lead indicators are turning positive as reflected in the improvement in US economy, particularly US financials, consumer confidence index, retail sales, new home sales, employment etc. If the trajectory sustains, there could be an upside to our and consensus revenue growth estimates of 8%-10% for the next two years. Any severe than expected action on, the immigration policy front remains the key risk,” analysts at Antique Stock Broking said in Q3 results preview.

Analysts at JM Financial Institutional Securities expects to leave its FY17 CC revenue growth guidance unchanged at 8-9% though reported currency guidance could be adjusted for the sharp cross-currency move.

Among the other individual stocks, Tech Mahindra, HCL Technologies and Wipro were up in the range of 1% to 2% on the NSE.

image
Business Standard
177 22