Annual
outlook: Infosys has given a muted sales outlook for fiscal 2013-14, citing a
challenging global economy. It said dollar revenues are likely to grow between
6 and 10 per cent in fiscal 2013-14, lower than estimates of 9 to 13 per cent.
The poor forecast disappointed investors and sent Infosys shares down 21 per
cent. TCS, which does not give out an annual sales outlook, has said the
company will grow faster than industry body Nasscom's 12-14 per cent projection
for fiscal 2013-14......
Sales:
Fourth quarter sales at Infosys were flat sequentially at Rs. 10,454
crore, up 0.3 per cent. The numbers were better for TCS, which reported a 2.2
per cent sequential growth at Rs. 16,430 crore. On a year-on-year
basis, TCS' Q4 revenue grew 24 per cent, while Infosys reported an 18.1 per
cent rise.
Revenue
strategy: Infosys has struggled to implement a strategy of generating a higher
proportion of revenue from its own software platforms, and its market share has
been essentially flat for the past two years. By contrast, TCS has focused on
more traditional outsourcing services.
Business
volumes: TCS grew its business volume by 4.4 per cent from the previous
quarter, compared with 1.8 per cent growth at Infosys.
Net profit: Infosys' fourth quarter net profit at Rs. 2,394
crore is a 1.1 per cent growth sequentially and a 3.4 per cent growth
year-on-year. At Rs. 3,597 crore, TCS saw its net profit surge 22.1
per cent year on year and 1.3 per cent seque
Nice report but IT sector is not much strong looking due to rupee getting strong . this reason may cause for their weakness...?? whats you say.?
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