Infosys guidance: A few analysts fear Infosys may further lower its FY24 for the third straight time, having lowered its guidance to 1-2.50 per cent at September quarter end from 1.35 per cent at June end and 4-7 per cent at the end of FY23.
TCS vs Infosys: Sharekhan expects Infosys to report 8 per cent drop in net profit while it sees the Tata group's TCS clocking 8.2 per cent profit growth.
Infosys will announce its October-December quarter earnings on January 11, Thursday. The company witnessed a setback in the form of a recent termination of a $1.5 billion AI deal with an unnamed global company, which Elara said, added to the company s growth headwinds in the near term.