Key Points
According to a CNBCTV18 poll, Infosys will report revenue of Rs 38,830 crore for the fourth quarter ended March 2023, as against Rs 38,318 crore in the previous quarter..
Indias second largest IT company Infosys is expected to report a double-digit growth in revenue for the fiscal fourth quarter, with estimates going as high as nearly 21.2 per cent, driven by both cloud/digital programs and cost take-out agenda of clients..
We expect Infosys to achieve its guided revenue growth of 16-16.5 per cent for FY23 while for FY24 we expect the company to guide for mid to high single digit revenue growth in CC terms, said ICICI Securities...
Sequentially, ICICI Securities expects Infosys to post soft revenue growth at 0.1 per cent QoQ CC as Q4 is a seasonally weak quarter due to fewer working days as well as some furlough impact in January..
Kotak Institutional Equities said, We expect investor focus on: 1) revenue growth guidance and whether growth will be back-ended, 2) outcome of clients budgeting cycle, priorities of investments and increase/ decrease in spending, 3) positioning in vendor consolidation and cost take out opportunities, 4) health of impacted verticals such as hi-tech, retail, parts of financial services and Europe, 5) strength of deal pipeline and pace of closures, 6) re-allocation of responsibilities and portfolios of Mohit Joshi, 7) measures to improve margins, and 8) impact of recent banking sector events on BFS tech spending outlook...
You might be interested in
Kalyan Jewellers posts 21.5 per cent rise in consolidated PAT to Rs 180.37 crore in Q3
31, Jan, 24India Business News: MUMBAI: Kalyan Jewellers reported a 21.
Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore
13, Apr, 23Infosys March quarter consolidated net profit rises 7.8 pc year-on-year to ₹6,128 crore: Regulatory filing.
Infosys Q4 result expectations: Revenue growth to be soft QoQ in seasonally weak quarter; 4 key things to
13, Apr, 23Infosys would be the first company to issue an FY24 guidance and would set the tone for outlook in the current fiscal. Analysts expect the Bengaluru-based company to guide for 6-8% revenue growth in CC terms for FY24, while margin guidance should be seen at 21-23%.
Infosys Q4 Results: FY24 Guidance Slashed As Revenue, Profit Decline
13, Apr, 23Infosys’ net profit fell 6.86% QoQ to Rs 6,134 crore in Q4 FY23, on the back of revenue that declined 2.28% to Rs 37,441 crore.
Torrent Pharma posts Q4FY23 profit at Rs 287 crore, revenue up 16.9%
30, May, 23Torrent Pharmaceuticals posted revenue from operations at Rs 2491 crore, up 16.9 per cent as against Rs 2131 crore in the fourth quarter of FY22.
Infosys Q2 net profit rises 3.1% to Rs 6,215 crore; revises FY24 revenue forecast
12, Oct, 23India Business News: Infosys, India's second largest IT services company, reported a 3.1% YoY rise in net profit for the September 2023 quarter. The company's revenue also
Aditya Birla Fashion posts Q4FY23 loss at Rs 186.94 crore due to sluggish sales, revenue up 26.1%
22, May, 23ABFRL posted revenue from operations at Rs 2,879.73 crore, up 26.1 per cent from Rs 2,282.83 crore in the same quarter last year.
Infosys share price slips 2% ahead of Q4FY23 earnings; experts predict muted revenue growth
13, Apr, 23Infosys' stock price tumbled almost 2% in trade on Thursday, to Rs Rs 1,402.95 ahead of the IT player's earnings result for the quarter ended March 2023.
Wipro Q2 net profit remains almost flat at Rs 2,667.3 crore
18, Oct, 23India Business News: IT company Wipro has reported a nearly flat growth in net profit for the September 2023 quarter and has projected a 3.5% decline in revenue for the cu