Top tier IT companies are expected to post better sequential growth in revenue in the September 2009 quarter compared with the previous quarter. The expectation of an improved performance rides on the possibility of moderate growth in business volumes and stable pricing.
Analysts are also expecting companies to provide guidance on a better outlook for the third quarter and for FY10, following higher deal closures and receding pressure on billing rates.
Here are the expected results of the top four IT companies:
TCS
Wipro
Total for top 4
Analysts are also expecting companies to provide guidance on a better outlook for the third quarter and for FY10, following higher deal closures and receding pressure on billing rates.
Here are the expected results of the top four IT companies:
Sales: 7355.1 cr
QoQ Change: 2.1%
YoY Change: 5.8%
PAT: 1524.2 cr
QoQ Change: 0.3%
YoY Change: 20.8%
Sales: 5593.2 cr
QoQ Change: 2.2%
YoY Change: 3.2%
PAT: 1531.0 cr
QoQ Change: 0.3%
YoY Change: 6.9%
Sales: 6,603.6 cr
QoQ Change: 3.5%
YoY Change: -0.1%
PAT: 1043.7 cr
QoQ Change: 2.8%
YoY Change: 6.7%
Sales: 2,987.8 cr
QoQ Change: 2.7%
YoY Change: 26.1%
PAT: 317.8 cr
QoQ Change: 1.0%
YoY Change: 13.1%
Total expected earnings for top 4
Sales: 22,539.7 cr
QoQ Change: 2.6%
YoY Change: 5.6%
PAT: 4,416.8 cr
QoQ Change: 0.9%
YoY Change: 11.7%
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