Infosys likely to lead tier-I IT growth, driven by mega deals ramp-up

Infosys is well-positioned to lead growth among tier-I IT companies in the June quarter, with a sequential growth of nearly 3%. This growth is largely driven by the ramp-up of multiple mega deals, optimising operational efficiencies, and a one-off revenue impact adjustment from the previous quarter, various brokerage firms said.

The average of five brokerage firms expects Infosys’ revenue to rise to Rs 38,948 crore in April-June from Rs 37,923 crore in the March quarter. The company is set to announce its Q1 earnings on July 18.