10/25/2023 0 Comments Instal the new Sticky Previews 2.8![]() ![]() Its order book for the quarter stood at $7.8 billion, while Street’s expectation was $9 billion.įor Infosys, analysts at Nirmal Bang Institutional Equities are forecasting TCV deals of $2 billion, reflecting a QoQ decline. Infosys’ peer TCS in its Q3 results flagged off tightening client spends in Europe. Attrition is set to moderate further as supply-side pressures ease, it added.Īmid recessionary pressures, total contract value (TCV) and new deal wins of the company will be keenly watched. Margin expansion that would have come on the back of rupee depreciation will be partially offset by furloughs, noted Investec Securities. ![]() One basis point is one-hundredth of a percentage point. “High furloughs and lack of large deal kicker, unlike previous two years, will result in muted growth,” said Kotak Institutional Equities’ analysts.īrokerages are largely of the view that EBIT (Earnings Before Interest and Tax) margins will remain stable, with a modest 20 basis point expansion QoQ to 21.70 percent. ![]() In constant currency (CC) terms, analysts forecast a revenue growth of 1.1 percent QoQ. ![]() The once IT bellwether is expected to report a 2.8 percent quarter-on-quarter (QoQ) growth in revenue while net profit is expected to increase 6.5 percent QoQ.Īccording to a poll of brokerages, the consolidated revenue of the second-largest information technology (IT) company might come in at Rs 37,613 crore, registering 18 percent year-on-year (YoY) growth, while consolidated profit after tax (PAT) is expected to increase 10.5 percent YoY to Rs 6,418 crore. After Tata Consultancy Services (TCS) failed to meet Street expectations, all eyes are now on blue-eyed boy Infosys’ October-December results on January 12. ![]()
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