Infosys Q1 results today: Key things to look out for in IT major’s earnings
Infosys Ltd will report its June quarter results at around 3.45pm today. The Salil Parekh-led company will host a press conference at 4.30 pm and a 60-minute conference call at 6 pm. The second-largest domestic IT software exporter may report up to 10 per cent year-on-year (YoY) rise in net profit for the June quarter. The IT major may report revenue growth of 2-2.5 per cent sequentially in constant currency (CC) terms and 2-2.2 per cent in dollar terms, analysts believe.
Nuvama Institutional Equities said that profit for Infosys may rise 10.2 per cent YoY to ₹6,551 crore on 2.6 per cent YoY rise in sales at 38,918 crore and Ebit margin is seen at 20.8 per cent owing to operating leverage and exceptional item in Q4. It said, “We reckon Infosys shall maintain revenue growth guidance of 1–3 per cent CC YoY and margins in the 20–22 per cent range for FY25.”