HCL Tech, India's fourth largest software services exporter, is likely to report strong growth in June quarter. Investors would be closely watching HCL Tech’s numbers, to be announced on Wednesday, in the aftermath of a guidance cut by Infosys and muted growth forecast by Wipro. TCS, the biggest of the lot, does not give out a forecast.
Over the last few quarters, HCL Tech has inched ahead of its bigger rivals like Infosys and Wipro by reporting robust growth. Analysts say that trend is likely to continue.
Shares in the company gained 0.8 per cent to close at Rs 481.60 in a weak market today. The stock outperformed the broader BSE IT index (-0.7 per cent), which was pulled down by the underperformance in Wipro.
Wipro shares slumped over 3 per cent after the company pegged Q2 IT services sales outlook at the lower end of analysts’ expectations. The July to September quarter is considered to be the best for IT companies seasonally.
"We saw poor numbers from Infosys but TCS outperformed. I expect strong numbers from HCL Tech. The weakness shown by Infosys and Wipro is not going to be an overall sector phenomenon," Avinnash Gorakssakar, founder director of Moneyinvestments.in told NDTV Profit today.
Sales are seen to rise 12.8 per cent sequentially at Rs 5,883 crore against Rs 5,216 crore in the March quarter. Net profits are expected to jump 18 per cent to Rs 711 crore over Rs 602.5 crore in the last quarter. Profits are likely to be hit by a forex loss of Rs 51 crore in the June quarter.
In terms of dollar revenues, sales are expected to rise 2.3 per cent sequentially at $1072 million against $1048 million. Dollar revenues are likely to be hit by cross currency headwinds of 160 basis points.
Earnings before interest, tax, depreciation and amortization (ebitda) margins, a key measure of profitability, is likely to expand by 100 basis points at 19.4 per cent against 18.4 per cent in the last quarter.
Infrastructure management services (IMS), a key vertical for HCL Tech, is expected to grow faster than software services & BPO largely due to ramp-up in large deals won earlier.
HCL Tech, India's fourth largest software services exporter, is likely to report strong growth in June quarter. Investors would be closely watching HCL Tech’s numbers, to be announced on Wednesday, in the aftermath of a guidance cut by Infosys and muted growth forecast by Wipro. TCS, the biggest of the lot, does not give out a forecast.
Over the last few quarters, HCL Tech has inched ahead of its bigger rivals like Infosys and Wipro by reporting robust growth. Analysts say that trend is likely to continue.
Shares in the company gained 0.8 per cent to close at Rs 481.60 in a weak market today. The stock outperformed the broader BSE IT index (-0.7 per cent), which was pulled down by the underperformance in Wipro.
Wipro shares slumped over 3 per cent after the company pegged Q2 IT services sales outlook at the lower end of analysts’ expectations. The July to September quarter is considered to be the best for IT companies seasonally.
"We saw poor numbers from Infosys but TCS outperformed. I expect strong numbers from HCL Tech. The weakness shown by Infosys and Wipro is not going to be an overall sector phenomenon," Avinnash Gorakssakar, founder director of Moneyinvestments.in told NDTV Profit today.
Sales are seen to rise 12.8 per cent sequentially at Rs 5,883 crore against Rs 5,216 crore in the March quarter. Net profits are expected to jump 18 per cent to Rs 711 crore over Rs 602.5 crore in the last quarter. Profits are likely to be hit by a forex loss of Rs 51 crore in the June quarter.
In terms of dollar revenues, sales are expected to rise 2.3 per cent sequentially at $1072 million against $1048 million. Dollar revenues are likely to be hit by cross currency headwinds of 160 basis points.
Earnings before interest, tax, depreciation and amortization (ebitda) margins, a key measure of profitability, is likely to expand by 100 basis points at 19.4 per cent against 18.4 per cent in the last quarter.
Infrastructure management services (IMS), a key vertical for HCL Tech, is expected to grow faster than software services & BPO largely due to ramp-up in large deals won earlier.
HCL Tech, India's fourth largest software services exporter, is likely to report strong growth in June quarter. Investors would be closely watching HCL Tech’s numbers, to be announced on Wednesday, in the aftermath of a guidance cut by Infosys and muted growth forecast by Wipro. TCS, the biggest of the lot, does not give out a forecast.
Over the last few quarters, HCL Tech has inched ahead of its bigger rivals like Infosys and Wipro by reporting robust growth. Analysts say that trend is likely to continue.
Shares in the company gained 0.8 per cent to close at Rs 481.60 in a weak market today. The stock outperformed the broader BSE IT index (-0.7 per cent), which was pulled down by the underperformance in Wipro.
Wipro shares slumped over 3 per cent after the company pegged Q2 IT services sales outlook at the lower end of analysts’ expectations. The July to September quarter is considered to be the best for IT companies seasonally.
"We saw poor numbers from Infosys but TCS outperformed. I expect strong numbers from HCL Tech. The weakness shown by Infosys and Wipro is not going to be an overall sector phenomenon," Avinnash Gorakssakar, founder director of Moneyinvestments.in told NDTV Profit today.
Sales are seen to rise 12.8 per cent sequentially at Rs 5,883 crore against Rs 5,216 crore in the March quarter. Net profits are expected to jump 18 per cent to Rs 711 crore over Rs 602.5 crore in the last quarter. Profits are likely to be hit by a forex loss of Rs 51 crore in the June quarter.
In terms of dollar revenues, sales are expected to rise 2.3 per cent sequentially at $1072 million against $1048 million. Dollar revenues are likely to be hit by cross currency headwinds of 160 basis points.
Earnings before interest, tax, depreciation and amortization (ebitda) margins, a key measure of profitability, is likely to expand by 100 basis points at 19.4 per cent against 18.4 per cent in the last quarter.
Infrastructure management services (IMS), a key vertical for HCL Tech, is expected to grow faster than software services & BPO largely due to ramp-up in large deals won earlier.
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