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Citigroup on It Sactor (TCS, Satyam, Wipro, HCL)

Wednesday, April 4, 2007

Citigroup expects HCL Tech Q4FY07 net profit at Rs 273cr

Citigroup expects HCL Tech to post revenues of Rs. 1557.3 crore (Rs. 15,573 million) up 6.3% QoQ and expects the company’s profit after tax of Rs 273.2 crore (Rs 2,732 million) up 5.2% QoQ for Q4FY07.

The Citigroup report says, “We expect 4QFY07 to be a decent quarter; currency appreciation should impact reported numbers. For our coverage universe, we expect 7.5% revenue growth (US$-terms) and 6.7% profit growth qoq. Revenue growth will be driven by volumes with a marginal uptick in pricing. Q4 is historically not a great quarter for hiring – volume growth driven by improved utilization.”


Citigroup expects Satyam Q4FY07 net profit at Rs 365cr

Citigroup expects Satyam to post revenues of Rs. 1770.2 crore (Rs. 17,702 million) up 6.6% QoQ and expects the company’s profit after tax of Rs 365 crore (Rs 3,650 million) up 8.2% QoQ for Q4FY07.

The Citigroup report says, “We expect 4QFY07 to be a decent quarter; currency appreciation should impact reported numbers. For our coverage universe, we expect 7.5% revenue growth (US$-terms) and 6.7% profit growth qoq. Revenue growth will be driven by volumes with a marginal uptick in pricing. Q4 is historically not a great quarter for hiring – volume growth driven by improved utilization.”


Citigroup expects TCS Q4FY07 net profit at Rs 1185cr

Citigroup expects TCS to post revenues of Rs. 5165.8 crore (Rs. 51,658 million) up 6.3% QoQ and expects the company’s profit after tax of Rs 1185 crore (Rs 11,850 million) up 7.3% QoQ for Q4FY07.

The Citigroup report says, “We expect 4QFY07 to be a decent quarter; currency appreciation should impact reported numbers. For our coverage universe, we expect 7.5% revenue growth (US$-terms) and 6.7% profit growth qoq. Revenue growth will be driven by volumes with a marginal uptick in pricing. Q4 is historically not a great quarter for hiring – volume growth driven by improved utilization.”


Citigroup expects Wipro Q4FY07 net profit at Rs 768.8cr

Citigroup expects Wipro to post revenues of Rs. 4256.6 crore (Rs. 42,566 million) up 7.4% QoQ and expects the company’s profit after tax of Rs 768.8 crore (Rs 7,688 million) up 3.2% QoQ for Q4FY07.

The Citigroup report says, “We expect 4QFY07 to be a decent quarter; currency appreciation should impact reported numbers. For our coverage universe, we expect 7.5% revenue growth (US$-terms) and 6.7% profit growth qoq. Revenue growth will be driven by volumes with a marginal uptick in pricing. Q4 is historically not a great quarter for hiring – volume growth driven by improved utilization.”

Posted by FR at 10:41 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.