Infosys Ltd.’s share price rose 2% in early Thursday trade ahead of its July-September quarter results. It is predicted a 7% sequential rise in net profit to ₹6,815 crore. Revenue is projected to increase by 3.5% to ₹40,707 crore, with strong expectations from the IT major.
The company’s EBIT is expected to grow by 5.2%, reaching ₹8,726 crore, with EBIT margins forecasted to expand by 30 basis points to 21.4%. These projections come as Infosys prepares to release its results following Tata Consultancy Services Ltd.’s earnings, which fell short of market expectations.
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In terms of guidance, analysts from BofA, Morgan Stanley, and Motilal Oswal predict Infosys may raise its full-year revenue guidance by 50 basis points. However, Ambit Capital expects the company to maintain its current guidance of 3–4% growth for the fiscal year.
Infosys achieved significant success in the April-June period, securing 34 large deals with a total contract value of $4.1 billion, 57.6% of which were net new. This strong performance has led to an upgraded revenue forecast, although deal wins have remained flat quarter-on-quarter.
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As Infosys gears up to release its results, comparisons are being drawn to Tata Consultancy Services, which faced challenges in the second quarter due to weak demand and higher pass-through costs. Investors remain optimistic about Infosys’ growth prospects and future guidance adjustments
