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Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance
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Infosys Q1 preview: PAT likely to grow 27-30% YoY; may up FY22 guidance
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Labelled as a watershed moment for India’s venture capital and start-up ecosystem, Zomato’s Rs 9,375 crore initial public offer (IPO) will open for subscription on July 14 and is likely to draw a bumper response. Zomato, which has a presence in 525 cities in India with an average of 6.8 million customers ordering food every month, is being valued at $8 billion, or just under Rs 60,000 crore at the upper end of the price band of Rs 72-76. While most analysts have already raised concerns on the IPO s premium pricing (around 11 times its FY24 enterprise value to sales) that may leave very little on the table for investors post listing, Zomato is not the only player across the globe that is still Ebitda (earnings before interest, tax and depreciation allowance negative), suggests a report from Jefferies. Back home, while Swiggy is Ebitda negative besides Zomato, San Francisco headquartered Uber Eats and Germany-based Delivery Hero, according to the Jefferies note, are also sail
Q1 Results Preview: Deal Wins To Lift IT Firmsâ Revenue, Pressure Looms On Margin
Jul 08 2021, 12:40 PM
July 08 2021, 7:55 AM
July 08 2021, 12:40 PM
Analysts expect Infosys Ltd. to post a higher revenue growth than peers in the quarter ended June, helped by large deal wins and continued client spending towards technology as the Covid-19 pandemic accelerates digital adoption. But the impact of wage hikes and attrition may weigh on IT companiesâ margin.Aggregate revenue of the five information technology companies on the Nifty 50 â Tata Consultancy Services Ltd., Infosys Ltd., HCL .
Analysts expect Infosys Ltd. to post a higher revenue growth than peers in the quarter ended June, helped by large deal wins and continued client spending towards technology as the Covid-19 pandemic accelerates digital adoption. But the impact of wage hikes and attrition may weigh on IT companiesâ margin.
Tech Mahindra stock received a lukewarm response from the investors on Dalal Street following a mixed set of March quarter results. The IT major s Q4 performance missed Street s estimates on the revenue and profit after tax (PAT) front although margins and deal win surprised positively.
Following this, the stock was trading marginally lower by 1.5 per cent at Rs 948.65 on the BSE. It had touched a high of Rs 985.65 in opening trade.
Tech Mahindra announced a net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year (YoY), but down sequentially by 17.4 per cent.
Revenue for the quarter was up 2.5 per cent YoY at Rs 9,730 crore but grew a mere 0.9 per cent compared to the preceding quarter ended December 31, 2020. In constant currency (CC) terms, it rose by 0.7 per cent quarter-on-quarter (QoQ) while the operating margins came in at 16.5 per cent, up 50 bps QoQ and 650 bps YoY.
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