Saturday, October 4, 2008

Q2FY2009 IT earnings preview – Sharekhan

by Bharat Mudgal 0 comments



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Infosys
Satyam Computer
HCL Tech
Wipro
TCS

The top line of frontline information technology (IT) companies is expected to grow in the range of 5.6- 9.3% quarter on quarter (qoq) in Q2FY2009. The revenue growth would be primarily driven by the depreciation of the rupee against the US Dollar, which is likely to boost the top line growth by 4-4.5% on a sequential basis. In dollar terms, the revenues of these companies are expected to grow in the range of 1.5-5.2% on a sequential basis backed by a moderate volume growth and flat pricing.

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Bharat Mudgal
Analyst, stockMode Networks
India
bharatmudgal@stockMode.com

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