Q4 earnings preview: Infosys and Wipro should see flat revenues, while TCS is expected to outperform others with 2.2 per cent QoQ CC, driven by the scaling up of the BSNL business, Motilal Oswal said.
Infosys was evaluating the implications of Income Tax Department orders on the financial statements for the quarter and year ending March 31, 2024. The IT firm will be announcing its March quarter results on April 18.
For Infosys, Nirmal Bang expects total contract value (TCV) in the $2-3 billion range. For HCL, Nirmal Bang sees TCV to come in the guided range on the back of a healthy pipeline.
Infosys declared a total dividend of Rs 34 per share for FY23. This was an 9.7 per cent jump over dividend that the second-largest IT major announced in FY22. In value terms, the IT giant announced a total dividend of Rs 14,200 crore for FY23.
This comes just a month after Infosys posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in the March quarter of FY23, below street estimates.