Vishal Sikka's Infosys announced its fourth quarter ended March 31, 2017 result on Thursday. 

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Infosys reported consolidated net profit of Rs 3,603 crore for the quarter ended March 31, 2017, registering sequential growth of 0.2% year-on-year (YoY) but decline of 2.8% quarter-on-quarter (QoQ) basis. 

After the announcement, shares of Infosys came down by Rs 21.85 or 2% on BSE, trading at Rs 946.55 a piece at 1102 hours. 

Interestingly, shares of other two IT-giant namely Tata Consultancy Services (TCS) and Wipro also suffered on BSE, NSE after Infosys' Q4 result. 

TCS shares took most hit compared to Wipro and Infosys. Stock price of  the company was trading at Rs 2,344.95 a piece down Rs 49.25 or 2.06%. 

While Wipro shares tumbled over Rs 6 or 1.32% trading at Rs 494.40 a piece. 

HDFC Securities said, "We have the results from Infosys in the morning. The markets have no great hopes from this tech bellwether. The industry is yearning for double digit growth and not getting it. To make matters worse, dollar is depreciating against the rupee. And on top of that the management has goofed up in managing the investor and  promoter expectations of a buyback. Unless Sikka and his team pull out a real  rabbit in the form of a higher guidance  or fall in line with the investor expectations of returning some cash, Investors are likely to move on to more investor friendly  companies." 

Rupee has appreciated against dollar by nearly 3% in last three months as foreign investors continue to be net buyers. 

Have investors lost hope in Wipro and TCS result too?

Firstly above mentioned IT companies have been on single-digit growth for quite sometime now. 

This FY17, these three companies faced hard times from weakness in BFSI (Banking Financial Service Insurance, delays in project, demonetisation drive, Trump's H1-B visa law and also Singapore's  new visa rules.

Ashish Chopra and Sagar Lele analysts at Motilal Oswal said, “The usual seasonality of the fourth quarter, compounded with (a) sporadic citation of concerns around budget and decision-making delays, and (b) problems in some key accounts, keeps us from building any recovery in growth momentum in 4Q or in the immediate future.”

TCS will announce its Q4 result on April 18, 2017, followed by Wipro on April 25, 2017. 

Top-line (revenue) is expected to be muted for TCS and Wipro in Q4. On the other hand, these two companies' bottom-line (profit after tax) is seen negative for the quarter. 

For this Q4, Motilal expects TCS to report profit after tax (PAT)  of Rs 6,200 crore down 2.3% year-on-year (YoY) and 8.6% quarter-on-quarter (QoQ). Revenue is expected to be at Rs 30,000 crore increasing by 5.4% yoy and 0.9% qoq. 

Wipro is expected to report PAT of Rs 2,200 crore declining by 15.1% yoy and 10% qoq, while net profit is seen at Rs 13,600 crore muted compared to yoy and qoq basis. 

As per Motilal, investors will expect from TCS, Wipro for revenue growth guidance for FY18, traction in new digital initiatives, commentary on healthcare vertical and large deal wins and outlook for BFSI vertical going ahead. 

Infosys sees revenue to grow 6.5% - 8.5% in constant currency for the financial year 2017-18 (FY18). This is lower than its full year revenue guidance for FY17 which it announced in Q3 in the range of  8.4-8.8%.