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 watche
NEW DELHI:
Infosys on Wednesday reported a 16.8 per cent YoY rise in consolidated net profit for December quarter at Rs 5,215 crore. In the same quarter last year, it reported a profit of Rs 4,466 crore.
Gross revenue for the quarter rose 12.3 per cent YoY to Rs 25,927 crore. It was up 5.5 per cent on a sequential basis. In constant currency terms, revenue growth was 6.6 per cent.
The company said its Q3 operating margin stood at 25.4 per cent, an increase of 350 bps over the same period last year.
The IT major also raised revenue and margin guidance band to 4.5-5 per cent, and 24-24.5 per cent, respectively, on the back of continued strong performance.
Infosys Q3 Results: Revenue from operations rose 12.3 per cent to Rs 25,927 crore.
Infosys Q3 FY21 Results: Infosys Limited, the country s second-biggest software services firm by market value, on Wednesday, reported a 16.6 per cent rise in the October-December quarter profit, tracking large deal wins as demand for its digital services grew amid the Covid-19 pandemic. The Bengaluru-based company s consolidated net profit climbed to Rs 5,197 crore from Rs 4,457 crore a year earlier, beating street estimates. The revenue from operations rose 12.3 per cent to Rs 25,927 crore. Infosys said it expects the annual revenue in the financial year to end-March 2021 to rise between 4.5 per cent and 5 per cent in constant currency terms, higher than two per cent to three per cent forecast earlier. (
Half of Infosys revenues now from digital, co expects 4.5-5% growth in FY21
While Infosys adopted a three-pronged approach to protect its margins at the beginning of the year owing to COVID-19, CFO Nilanjan Roy said that all of it worked well and had helped margin expansion
Rukmini Rao | January 14, 2021 | Updated 01:20 IST
KEY HIGHLIGHTS
Revenue growth guidance increased to 4.5-5 per cent in constant currency
Bengaluru-based IT major Infosys posted a strong growth in Q3 FY21 and raised its full year revenue guidance on expected lines. The company posted a 5.3 per cent sequential dollar revenue growth in constant currency and 6.6 per cent on year-on-year basis. Digital revenues also crossed the 50 per cent mark of the total revenue with digital growing at 31.3 per cent on a year-on-year in constant currency terms.
Infosys Q3 preview: Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, IT bellwether Infosys may post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). The revenue could rise between 2.5-3.5 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 3-4 per cent in dollar revenue terms. The Bengaluru-based firm, which is slated to release its Q3 numbers on Wednesday, January 13, may post record deal TCVs for the quarter due to the Daimler deal. The expectations of such a strong performance are visible in the stock price movement. Shares of Infosys have risen 24.55 per cent for the three months ended December 2020 and 9.58 per cent year-to-date (YTD), data available with ACE equity showed. This is against a 21.55 per cent rise in Nifty IT index and 24.30 per cent jump in Nifty 50 during the October-December quarter.