Market may not be satisfied with Infy numbers: Phani Sekhar, Angel Broking

Phani Sekhar, Fund Manager-PMS, Angel Broking, in a chat with ET Now, gives his call on Infosys


How will market react to Infosys' numbers?

The market is more or less resigned to the fact that the earnings growth will lag revenue growth maybe by 6% to 7%. So you are looking at 200 to 300 basis points compression in margins but more importantly, market will look out for two things. One, does the management feel confident enough to come and revise the guidance. To my mind, market may not be fully satisfied because there might be a very marginal revision and two will be what is the management’s outlook for the rest of the year and there again, the management might be quite conservative with what it thinks will be the outlook. So the real numbers to get the outlook and the state of affairs to look at TCS and HCL Tech numbers, Infy will be more of a second half of this financial year story.