Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Result Preview
Infosys – 4QFY2011
Infosys is set to announce its 4QFY2011 results. We expect the company to record revenue
growth of 4.8% qoq to US$1,661mn. Growth is primarily expected to be volume-led with
cross-currency impact of only 0.2% qoq. Revenue growth in INR terms is expected to be
higher by 6% qoq at `7,531cr due to INR depreciating by 1.2% qoq. On the EBITDA front,
margins are expected to expand by 16bp to 33.4% on the back of INR depreciation and
better utilisation. PAT is expected to come in at `1,898cr, with 6.7% qoq growth. We expect
the company to provide USD revenue guidance for FY2012 at 18–20% yoy.
At the CMP, the stock is trading at 18.8x FY2013E EPS of `173. The company continues to
remain our preferred pick. We maintain our Accumulate rating on the stock with a target
price of `3,629.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Result Preview
Infosys – 4QFY2011
Infosys is set to announce its 4QFY2011 results. We expect the company to record revenue
growth of 4.8% qoq to US$1,661mn. Growth is primarily expected to be volume-led with
cross-currency impact of only 0.2% qoq. Revenue growth in INR terms is expected to be
higher by 6% qoq at `7,531cr due to INR depreciating by 1.2% qoq. On the EBITDA front,
margins are expected to expand by 16bp to 33.4% on the back of INR depreciation and
better utilisation. PAT is expected to come in at `1,898cr, with 6.7% qoq growth. We expect
the company to provide USD revenue guidance for FY2012 at 18–20% yoy.
At the CMP, the stock is trading at 18.8x FY2013E EPS of `173. The company continues to
remain our preferred pick. We maintain our Accumulate rating on the stock with a target
price of `3,629.
No comments:
Post a Comment