Infosys‘ share price was upbeat on Thursday morning ahead of the company’s quarterly results expected to come out in the evening.

What Happened: Axis Securities expects Infosys to report a 4.9% quarter-on-quarter revenue improvement, driven by delayed decision-making and deeper furloughs. Margins are anticipated to expand by 41 basis points, supported by better cost optimisation efforts, according to the brokerage.

ICICI Securities forecasts a 2.4% U.S. dollar revenue growth and a 1.8% constant currency revenue growth sequentially for Infosys, with contributions from sectors like hi-tech and the banking and financial services industry, boosted by deal wins.

The brokerage also expects the consolidation of In-tech from Q2, projecting EBIT margin to improve by 56 basis points, aided by the absence of visa costs.

On average, analysts expect the IT services giant to post a revenue of ₹40,727 crore with a net profit of ₹6,843 crore.

See Also: RVNL Secures Traffic Block Approval For Metro Station Construction In Kolkata

Key focus areas for management commentary include the goods and services tax issue resolution, potential tweaks to FY25 revenue growth guidance, updates on the Polestar deal, and the integration of In-tech and In-semi acquisitions.

Motilal Oswal expects Infosys to post a 3% quarter-on-quarter constant currency (CC) revenue growth, driven by the ramp-up of large deals won last year. The company is likely to report robust deal total contract value (TCV) for the quarter, with signs of recovery in the U.S. financial sector, particularly in mortgage, capital markets and card payments.

However, operating margins are expected to decline by 80bps, primarily due to the reversal of one-off gains, investments in large deals and a drop in utilisation. The firm projects an operating margin of 20.3% for the quarter. The brokerage expects Infosys to upgrade its full-year guidance by at least 50 basis points.

Price Action: Infosys’ share price was up 1.01% to trade at ₹1,939.50 as the markets opened on Thursday. Earlier this week, shares of the company hit a new all-time high.

Read Next: FIIs, Mutual Funds Buy Over 17 Cr Tata Motors Shares In Sept, Number Of Retail Holders Jumps To 56 Lakh

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.