INSUBCONTINENT EXCLUSIVE:
Investors are likely to focus on the outcome for investigation on the whistleblower case, attrition levels, TCV pipeline momentum, revenue
conversion of past deals and improvement in margins due to localisation efforts.
In rupee terms, the IT major is projected to report a 6-8
per cent quarter-on-quarter (4-7 per cent YoY) profit growth
In constant currency terms, sales growth is seen in the 1.4-2 per cent range sequentially
Margins for the quarter may expand 40-50 basis points quarter on quarter, analysts said.
At 9.30 am, the scrip was up 1.92 per cent at Rs
741.45 on BSE.
The Bengaluru-based company may report healthy order wins in an otherwise seasonally weak quarter
Some analysts even say the company may revise its FY20 revenue guidance.
Brokerage firm Sharekhan expects Infosys to revise its lower end of
the revenue guidance upward to 9.5 per cent (to 10 per cent) from 9 per cent (to 10 per cent)
The brokerage expects the IT major to maintain margin growth guidance.
The brokerage expects the Bengaluru-based firm to report 3.5 per cent
YoY (4.5 per cent QoQ) profit growth at Rs 4,201 crore and 8.3 per cent (2.4 per cent QoQ) sales growth at Rs 23,166 crore.
Edelweiss
Securities expects the company to report a 2.1 per cent sequential rise in sales in constant currency terms as cross-currency tailwinds from
a strong pound will be almost fully offset by a weak euro
to a weak rupee and cost optimisation levers kicking in
Strong deal wins and robust pipeline should set Infosys up firmly on a sustained growth trajectory going forward