will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
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Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />
Currency – favourable movement for USD‐INR YoY basis...<br />
…and QoQ – but negative impact due to cross‐currency movement<br />
USD-INR GBP-INR EUR-INR<br />
EUR-USD<br />
GBP-USD<br />
USD-INR GBP-INR EUR-INR<br />
EUR-USD<br />
GBP-USD<br />
110<br />
112<br />
108<br />
100<br />
104<br />
100<br />
90<br />
96<br />
Jun-12<br />
Jul-12<br />
Aug-12<br />
Sep-12<br />
Oct-12<br />
Nov-12<br />
Dec-12<br />
Jan-13<br />
Mar-13<br />
Apr-13<br />
May-13<br />
Jun-13<br />
Apr-13<br />
May-13<br />
Jun-13<br />
Source: Bloomberg, Company Data, PL Research<br />
Source: Bloomberg, Company Data, PL Research<br />
Guidance Analysis<br />
GUIDANCE GIVEN BY THE COMPANY OUR ESTIMATES ACTUALS<br />
Q4FY13 FY2013 Q4FY13 FY2013 Q3FY13 FY2012<br />
Infosys Technologies<br />
Revenue (Rs m) n/a n/a 425,814 441,883 109,438 464,005 104,540 403,520<br />
EPS (Rs) n/a n/a n/a n/a 41.6 179.9 41.9 164.9<br />
Revenue (US$ m) n/a n/a 7,842 8,138 1,961 8,286 1,938 7,398<br />
Wipro<br />
Revenue (US$ m) 1,575 1,610 n/a n/a 1,587 6,624 1,585 6,218<br />
Hexaware Technologies*<br />
Revenue (US$ m) 94 96 n/a n/a 95.4 397 94 364<br />
Source: Company Data, PL Research<br />
* Y/e Dec<br />
Stock Performance<br />
Absolute<br />
Relative to Sensex<br />
1M 3M 6M 12M 1M 3M 6M 12M<br />
CMC 2.8 (10.2) 1.9 50.3 3.3 (15.0) 4.0 40.0<br />
eClerx Services 8.8 17.9 7.5 11.1 9.3 13.1 9.6 0.8<br />
Geometric (2.2) 6.9 (6.0) 35.5 (1.7) 2.1 (3.8) 25.2<br />
HCL Technologies 10.0 9.9 29.0 66.9 10.6 5.0 31.1 56.7<br />
Hexaware Technologies 11.0 0.9 5.2 (22.4) 11.5 (3.9) 7.3 (32.7)<br />
Infosys 0.9 (12.8) 5.3 1.0 1.4 (17.7) 7.4 (9.3)<br />
KPIT Cumm<strong>in</strong>s Infosystems 3.8 25.5 12.0 0.6 4.3 20.7 14.1 (9.7)<br />
M<strong>in</strong>dTree 2.5 (2.7) 21.4 28.5 3.1 (7.5) 23.5 18.2<br />
Mphasis (14.9) 0.7 (5.2) (1.4) (14.3) (4.1) (3.1) (11.7)<br />
NIIT Technologies 0.1 (7.3) 1.2 (8.0) 0.7 (12.2) 3.3 (18.3)<br />
Persistent Systems (5.5) (7.1) (5.9) 29.6 (4.9) (11.9) (3.8) 19.3<br />
Polaris F<strong>in</strong>ancial Technology (14.1) (5.1) (3.5) (11.8) (13.5) (9.9) (1.3) (22.1)<br />
Tata Consultancy Services (0.8) 1.7 15.9 20.7 (0.3) (3.1) 18.0 10.5<br />
Tech Mah<strong>in</strong>dra 11.6 6.3 12.9 44.9 12.1 1.5 15.0 34.6<br />
Wipro 6.2 (11.2) 0.1 1.6 6.7 (16.0) 2.2 (8.7)<br />
Source: Bloomberg, PL Research<br />
July 8, 2013 114
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