Infosys may
see profit, for the three months ended December 31, rising 13.7% from the
year-earlier period, the average of 16% estimated. Most analysts expect Infosys
revenue for the year ending March 31 will rise 12%, an increase on its current
guidance of 9-10% and also a match to the lower end of the industry exports
growth estimate of 12-14%.
As compared to
the previous quarter when most IT companies enjoyed the benefits of a
depreciating rupee, the December quarter is likely to be weaker as historically
it has been like as there are lesser number of working days thanks to the
festive season, and more so this time as the currency has stayed in a range.
Expert Says “Infosys
has made an all-time high after 35 months, or almost three years of
consolidation, with a major chunk of the rally coming in the last six months”.
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