Infosys results: Experts see weak Q3 for software major

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Analyst estimates Infosys to report a sequential dollar revenue growth of 1.5 pct to 2.5 pct. Analyst estimates Infosys to report a sequential dollar revenue growth of 1.5 pct to 2.5 pct.
SummaryAnalysts see moderate revenue growth in seasonally weak quarter for top IT cos.

TCS valuations. Even after gaining 50% in 2013, Infosys traded at 19 times its FY14 expected earnings while TCS traded at an earning multiple of 24, as on Thursday.

As per Credit Suisse, although Infosys is the most debated stock getting into 2014, the brokerage house is not constructive due to concerns on some of the “softer”management issue.

Ambit Capital maintains “sell” rating and believes Infosys will continue to lack a clear strategy and market appears to have discounted a turnaround in Infosys after return of founder Narayana Murthy as the executive chairman.

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