Investors keenly await the second quarter results of India's second largest IT firm, Infosys, after the company robust earnings for the June quarter.
The Bengaluru-based IT major is scheduled to announce its financial results for the July-September quarter on 12 October.
Analysts expect the company's results in the quarter to outperform its peers due to "healthy client mining and absence of client specific issues."
Infosys is expected to post 7% sequential growth in net profit to Rs 3,244 crore for the second quarter, according to a poll by CNBC-TV18.
Infosys has recorded a profit growth of 5% in the first quarter of the current fiscal year, showing signs of revival under its chief executive Vishal Sikka.
The dollar revenue of the company is estimated to increase 3.6% to $2,337 million sequentially, while in rupee terms it is seen growing by 5.9% to Rs 15,210 crore in the quarter ending 30 September.
The company posted a profit of Rs 3,030 crore in the April-June quarter, while revenues were up 12.4% to Rs 14,354 crore.
Analysts also expect Infosys to maintain its guidance of 10-12% growth in constant currency terms.
Last month, Accenture gave a much lower revenue guidance of 5 to 8% for its financial year ending August 2016 compared to its revenue growth of 11% recorded in the previous year.
A muted guidance by the global software giant has raised doubts over Indian IT companies posting a double-digit growth in the coming quarters.
"The guidance is a sentiment negative for Indian IT," Religare had said.
However, analysts see domestic IT companies posting robust earnings for the second quarter, as it is a seasonally strong quarter.
"Q2FY16 earnings season is likely to be a net favourable event for large-cap Indian IT stocks on the back of status-quo on demand outlook vs the previous quarter and tailwind to margin or earnings expectations from favourable forex movement," said Bank of America-Merrill Lynch, reports The Financial Express.