Infosys' Q3 numbers came out today. The company’s Q3 net profit is up 7.1% at Rs 649 crore from Rs 606 crore QoQ. Its Q3 diluted EPS is up at Rs 23.02 from Rs 21.63 QoQ.Its Q3 revenue is up 10.4% at Rs 2,532 crore from Rs 2,294 crore QoQ.
MD of SG Cowen Moshe Katri says that the results are in line with expectation. He finds the company's operating numbers decent. He, in fact, says that the operating margins are higher than expectations.
"Operationally, the numbers are pretty decent. The operating margin numbers are very significant over 29%. They have beaten our expectations by about 70-80 basis points," he says.
He adds that the bottomline miss is largely due to a significant decline in the other income line. Looking ahead, he thinks that even though there is a good demand, the key question will be whether 30-35% growth can be maintained in FY07.
"From a demand perspective they are in very good shape but the question is, will they be able to maintain that 30-35% revenue growth YOY in FY07," he says.
No comments:
Post a Comment