Infosys shares in focus: Should you buy, sell or hold IT major’s stock after Q4 results? EXPLAINED
Infosys Q4 Results: Infosys shares will be in focus after the IT major announced its January-March quarter results for fiscal 2024-25 on Thursday, April 17. The company recorded an 11.75 per cent fall in its consolidated net profits to ₹7,033 crore in the fourth quarter, compared to ₹7,969 crore in the same period a year ago.
After a weak results announcement, Infosys also slashed its revenue growth forecast to 0 to 3 per cent for the financial year 2025-26, compared to a 4.5 to 5 per cent growth estimate for FY2024-25. The company cited uncertainties in the global markets for the cautionary move.