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Infosys Quarterly Results Today Live Updates: IT major Infosys is all set to announce its fiscal third quarter earnings today (January 16). According to brokerage firms, the company will post a muted revenue growth on a sequential basis. Net profit, meanwhile, is expected to rise in the low single digit. According to a CNBC TV18 poll, Infosys is expected to post revenue for the third quarter of FY25 at Rs 41,281 crore and profit for the quarter in review is estimated at Rs 6753 crore.
Per analysts, Infosys is anticipated to announce an upward revision in the company’s revenue guidance. Key monitorables, JM Financial said, include any change in FY25 revenue and margin guidance; large deal TCV wherein investors will keep an eye on any uptick in new deal wins and progress on large deal pipeline; and update on smaller deal pipeline; outlook on discretionary spend environment especially in BFSI and retail.
Earlier, Tata Consultancy Services (TCS) and HCL Tech had announced their Q3FY25 results. TCS posted a profit of Rs 12,380 crore, up 12 per cent on-year and revenue for the quarter came in at Rs 63,973 crore, up 5.60 per cent YoY. HCL Tech, meanwhile, reported Q3 profit at Rs 4,591 crore, posting a growth of 5.54 per cent YoY and revenue from operations for the period stood at Rs 29,890 crore.
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Infosys Q3 Results, Earnings Announcement Today Live Updates
Live Updates 11:50 (IST) 16 Jan 2025 Infosys Q3 Results Live Updates: What are investors, market participants watching out for?
ICICI Securities said, “We build in 0.1% USD/0.7% CC QoQ revenue growth. We expect revenue growth to be led by BFSI, technology and energy & resources. We expect EBIT margin to decline ~18bps on furloughs and lower working days, partially offset by tailwinds from rupee depreciation. In terms of key monitorables, the brokerage firm said that investors will keep an eye on announcements on any tweak on FY25 revenue growth guidance,
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