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http://www.rediff.com/business/slide-show/slide-show-1-perfin-cherry-p...
Smaller IT companies could well ride the same trend of strong dollar and grow faster as well.
However, profits were slightly lower than in Q4, 2012-13. This is partly because Infy has hiked wages, in a quarter of heavy churn over 9000 employees left, while around 10,000 were hired. Employee utilisation was up. Revenue remains US dependent with roughly 67 per cent coming from North America and about 22 per cent from Europe. In US dollar terms, revenue rose by about 2.7 per cent compared to Q4, 2012-13. The guidance for 2013-14 remained unchanged with sales growth expected to be between 6-10 per cent in Dollar terms. Click NEXT to read more...
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7/16/2013 7:59 AM
http://www.rediff.com/business/slide-show/slide-show-1-perfin-cherry-p...
One may safely assume that, given further rupee depreciation, Infy will deliver decent full-year results if it meets the guidance.
However, almost certainly, other IT businesses will beat Infy over this quarter and probably, over the full-year in terms of growth. This means HCL Tech (which is trading close to new 52-week highs) and TCS will probably outperform in terms of appreciation. Smaller IT companies could well ride the same trend of strong dollar and grow faster as well. In terms of industry correlations, the performance of the CNX IT index would suggest that the industry has been a great hedge. This is no surprise because of the rupee's weak performance. Click NEXT to read more...
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7/16/2013 7:59 AM
http://www.rediff.com/business/slide-show/slide-show-1-perfin-cherry-p...
7/16/2013 7:59 AM
http://www.rediff.com/business/slide-show/slide-show-1-perfin-cherry-p...
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7/16/2013 7:59 AM
http://www.rediff.com/business/slide-show/slide-show-1-perfin-cherry-p...
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7/16/2013 7:59 AM