IT Stocks Outlook For The W eek - 14 To 18.01.2019
Infosys Ltd's upward revision of sales growth guidance for the current financial year may boost shares of information technology companies at the start of next week, but the action will later turn stock-specific as a Up slew of companies are set to detail their earnings for Oct-Dec. Infosys, while detailing Oct-Dec earnings yesterday, said it expects sales to grow 8.5-9% in constant currency terms for 2018-19 (Apr-Mar). The company had earlier said it expected growth of 6-8%. Mindtree, Wipro, KPIT Technologies, NIIT Technologies, Larsen & Toubro Infotech, L&T Technology Services, and Cyient are slated t o detail their earnings. Gains in stocks in the sector may be capped, we worry that the growth in sales of these companies may not necessarily be accompanied by an improvement in profitability. Such concerns surfaced after both Tata Consultancy Services and Info sys saw a sequential contraction in margins for Oct-Dec.
Source : Cogencis Information Services Ltd.
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Infosys Ltd's upward revision of sales growth guidance for the current financial year may boost shares of information technology companies at the start of next week, but the action will later turn stock-specific as a Up slew of companies are set to detail their earnings for Oct-Dec. Infosys, while detailing Oct-Dec earnings yesterday, said it expects sales to grow 8.5-9% in constant currency terms for 2018-19 (Apr-Mar). The company had earlier said it expected growth of 6-8%. Mindtree, Wipro, KPIT Technologies, NIIT Technologies, Larsen & Toubro Infotech, L&T Technology Services, and Cyient are slated t o detail their earnings. Gains in stocks in the sector may be capped, we worry that the growth in sales of these companies may not necessarily be accompanied by an improvement in profitability. Such concerns surfaced after both Tata Consultancy Services and Info sys saw a sequential contraction in margins for Oct-Dec.
Source : Cogencis Information Services Ltd.
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