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Infosys today posted flat quarter-on-quarter net profit growth at Rs 2,394 crore for the fourth quarter ended March 31, 2013.
The firm's dollar revenue growth was also weak at 1.4%.
Expert views:
G Chokkalingam, Executive director & chief investment officer, Centrum Wealth Management, Delhi
"Only the perception has changed, the business remains a bit lumpy for Infosys. The company is growing in single digits in US dollar terms which is not good. The stock should fall at least 5-10% on these results."
K K Mital, CEO for Portfolio Management Services, Globe Capital, New Delhi
"The forecast looks quite conservative, which is a concern. The fiscal 2013 was also not very good for Infosys. This looks like company specific problem. Even mid-cap companies are expected to perform better than this.
"The overall recovery in the US and stabilisation in Europe is expected in the second half of this year and that may help Infosys a little."
Suresh Parmar, Associate Vice President and head of Institutional equities, KJMC Capital Markets, Mumbai
"The outlook is slightly negative compared to the expectations. We expect selling pressure in the short-term as the stock ran up sharply in the past couple of sessions. Investors who took positions are likely to cut exposure and wait for further clarity to take a fresh bet on the stock."
Nimish Joshi, Equity analyst, CLSA, Mumbai
"The results are very bad; very, very bad. The guidance is especially bad."
