Infosys Shares Upbeat Ahead Of Earnings: What To Expect
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Infosys is scheduled to post earnings for the quarter ended June later today at around 3:45 p.m.

What To Expect: Most brokerages expect the IT services giant to post notable revenue growth for the quarter. Centrum said in its preview note that growth will be better sequentially due to a ramp-up in recent deals.

The sentiment was echoed by analysts at Prabhudas Liladhar. “We expect Infosys to report strong revenue growth of 2.4% QoQ (Quarter on Quarter), highest among the large-cap peers,” the brokerage wrote in its preview note.

See Also: CDSL To Report Q1 Earnings On August 3

Kotak Securities also expects Infosys to lead among Tier 1 IT companies with a 2.5% quarter-on-quarter growth. The analysts also expect an 80 basis point sequential increase in EBIT margin. Centrum also reached a similar estimate stating, “We expect EBIT margin to improve by 90 bps QoQ due to absence of one-off client related issue faced in Q4FY24.”

Most brokerages including Kotak Securities, Phillip Capital, Axis Securities and Centrum Broking expect the IT services giant to maintain its 1% to 3% revenue growth guidance for FY25 at constant currency.

On average the brokerages expect the company’s revenue to come in at ₹38,875 crore with a net profit of ₹6,210 crore.

Price Action: Infosys’ share price was up 0.84% to trade at ₹1,740.50 as the markets opened on Thursday.

Read Next: NHPC Sees FII, LIC Holdings Jump In June Quarter, Mutual Funds Trim Stake

Feature image: JHVEPhoto for Shutterstock.

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EarningsEquitiesNewsMarketsMoversTechTrading Ideasinfosys