Infosys will kickstart the earnings season with its fourth quarter results on Friday. India's second largest software services provider cheered the street in Oct-Dec after several dismal quarters.
The company is expected to meet forecast in Jan-Mar, or maybe just miss it due to British Pound depreciation to the US Dollar. But the big question is will it guide or not guide for FY14?
Analysts on average expect Infosys to report a net profit of Rs 2,297 crore, down 3 percent sequentially, while Rupee revenue is seen up 3 percent at Rs 10,730 crore, according to a CNBC-TV18 poll. In US Dollar terms, revenue is expected to rise 4 percent at USD 1,987 million in Q4.
"We expect Infosys to meet its guidance in constant-currency terms, but 0.3 percentage point cross-currency revenue growth headwind might just make it difficult to meet guidance in reported terms," said Viju George and Amit Sharma of JP Morgan.
The analysts expect it to report 2.4 percent Dollar organic revenue growth, while Lodestone will add another 1.3 percent to growth quarter-on-quarter.
FOR MORE INFO ON YOUR FAVOURITE STOCKS JUST FILL THE FREE TRIAL FORM BELOW
