Infosys Q3 earnings on January 16: Here are 4 key things the street is watching out for
While majors in the IT sector like Tata Consultancy Services (TCS) and HCL Tech already having released their fiscal third quarter earnings, another giant in the industry, Infosys is all set to release its Q3 numbers on Thursday (January 16). Brokerage firms and analysts said that the company will post a muted revenue growth on a sequential basis, while the net profit is seen rising in the low single digit. However, per most of the brokerage firm reports, Infosys is anticipated to announce an upward revision in the company’s revenue guidance. The IT major, in Q2, had revised its revenue growth guidance for the seventh time in eight quarters to 3.75-4.5 per cent in constant currency (cc) terms.