The revenue growth of the
information technology (IT) companies for Q1FY2007 would be in the
range of 6-10% driven by a 4-8% growth in the volumes and 2-2.2%
depreciation in the rupee against the US dollar. The rupee has seen
a depreciation of 6.9% against the euro and a depreciation of 6.7%
against the pound sterling.
Infosys with its
front-ended growth would be the best performer among the front-line
IT services companies. Satyam would also positively surprise by
better than guided earnings growth of 1.2% (as against the guidance
of a sequential decline of 1.7%). On the other hand, Wipro is likely
to disappoint with a flattish performance both in terms of the
revenue and earnings
growth.
