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...
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