Kicking inedible the remuneration parade in place of the country's showpiece $60 billion IT services sector, Infosys thought get profit in place of the fiscal third-quarter rose to Rs 1,780 crore ($396.4 million) from Rs 1,560 crore a time before.
Following are quick annotations from analysts:
TARUN SISODIA, HEAD OF RESEARCH, ANAND RATHI FINANCIAL SERVICES:
"The results are marginally lesser and guidance does not reproduce growth tax with the aim of the marketplace likely. But I would not be concerned as they normally improve on their guidance."
"I wouldn't say these results will reproduce in the have a break of the IT sector remuneration. We pick up again to retain with the aim of investors ought to pick up again to continue exposed to sector stocks."
TEJAS DOSHI, SUSHIL FINANCE, MUMBAI
"They maintain performed in line with pardon? They had guided. I was surprised not far off from the prohibitive marketplace expectations for the reason that this being the December quarter, which has a fate of holidays as well, typically sequential growth is not with the aim of prohibitive."
"There is rebuff venture as such going away send on. Things in their chief marketplace, US, maintain incrementally improved. Preliminary pardon? We are consideration is with the aim of budgets in place of 2011 are going away to be pretty decent. Things are looking fine."
NIRAJ DEWAN, QUANTUM SECURITIES, NEW DELHI
"The statistics are fine. Normally the December quarter is not with the aim of lofty in place of IT companies, but still expectations were high-quality for the reason that of talks not far off from recovery in the US"
"People won't be surprised if Tata Consultancy Services and Wipro besides tell underneath expectations, for the reason that Infosys has collection with the aim of kind of a direction. Seeing the routine run up which has already happened, may well be selected corollary can go on on the routine. The company is already trading by the side of a very rich multiple."
AMBAREESH BALIGA, VICE-PRESIDENT OF KARVY STOCK BROKING IN MUMBAI
"The striking harmful is with the aim of they abortive to join guidance, which is curious in their legal action. The expectations from other IT companies will in a jiffy taper down."
SHRADHA AGRAWAL, B&K SECURITIES, MUMBAI:
"The statistics maintain met my expectations, but the street may well be a crumb disappointed. The revenue performance was disappointing."
ARUN KEJRIWAL, STRATEGIST AT RESEARCH FIRM KRIS, MUMBAI:
"Results are somewhat underneath expectations and the guidance which citizens were expecting would be robust and helpful has not happened. There may well be selected pressure on the routine as the daylight hours progresses."
"The challenges to the sector are primarily rupee volatility, which doesn't seem to be going away down in a dash. My relate to increases for the reason that lubricate prices are still rising quickly, putting pressure on scaling-down and rupee."