Sharekhan Special dated September 11, 2007
Sharekhan Special [September 11, 2007] Please see the attachment for details
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Summary of Contents
SHAREKHAN SPECIAL
Q2FY2008 IT earnings preview
After tough Q1, the frontline tech stocks are estimated to report a marked improvement in their performance during the current quarter. Traditionally, Q2 is one of the best quarters for Indian IT companies. Moreover, the rupee has also stabilised in the range of Rs40.5-41/USD and the average realisation in Q2 could be around Rs40.7/USD, which is almost at the same level as reported by the tech companies in the previous quarters. Consequently, the frontline tech companies are estimated to show a growth of around 9% in their cumulative revenues on a sequential basis.
Regards, The Sharekhan Research Team
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