Synopsis
Brokerage Nirmal Bang sees constant currency growth for Infosys at 2.5 per cent sequentially, and dollar revenue growth at 3.1 per cent.
Agencies
In case of Wipro, HDFC Institutional Research expects a 5.6 per cent YoY (5.1 per cent QoQ) growth in net profit at Rs 2,593 crore.
NEW DELHI: Shares of Infosys and Wipro traded up to 1 per cent higher in Wednesday's trade ahead of the IT majors' December quarter results later in the day.
By 10 am, shares of Wipro were up 0.96 per cent at Rs 462.10 while those of Infosys were ruling 0.21 per cent higher at Rs 1,374.750 on BSE.
Infosys may report a strong set of numbers for the third quarter of the current financial year, with incremental revenues coming from the Vanguard deal. Margins may take a hit on wage hikes for junior employees during the quarter. Analysts said the IT major may raise its annual revenue growth forecast and the management's take on how margins will play out in the context of large deals will be watched closely.