Q3FY2007 IT earnings preview: Sharekhan Special dated January 08, 2007

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Sunil

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Jan 9, 2007, 8:03:18 AM1/9/07
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Sharekhan Special
[January 08, 2007] Please see the attachment for details
Summary of Contents

SHAREKHAN SPECIAL

Q3FY2007 IT earnings preview   

After a handsome growth in the past two quarters, the performance of the front-line information technology (IT) companies would be affected in Q3 by the dual impact of a lower number of working days and a steep appreciation in the rupee. We estimate an average revenue growth in the range of 5-8% on a sequential basis for the period. The earnings growth is expected to be very substantial among various companies with a wide range of 1% to 6.5%.

Regards,
The Sharekhan Research Team
myac...@sharekhan.com
 



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