Information technology (IT) services major Infosys, in a listing to the BSE, said its board would consider a proposal for buyback of fully paid-up equity shares of the company. The board is set to meet on April 14. This will be the third buyback of shares by the company. “The board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on April 14, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018,” the statement said. The IT services giant is also slated to hold a board meeting on April 13 and 14, to approve of and take on record the consolidated financial results of the company for the quarter and year ended March 31, 2021.
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Updated Jan 14, 2021 | 19:45 IST
Expect strong Q3 for HCL tech with revenue growth to be ahead of Q3 guidance. Investors would watch out for upward revision to revenue growth and EBIT margin guidance. Representational Image
Key Highlights
Revenue growth in constant currency terms (CC) is expected at 3% QOQ ahead of guidance of 1.5-2.5% QOQ CC
Margins largely stable QOQ; Strong deal momentum is expected along with overall positive commentary
Watch for upward revision to revenue, EBIT margin guidance & outlook on demand trends & capital allocation
ET NOW Poll expects HCL Technologies to post strong Q3 with revenue growth expected to be ahead of the guidance. Revenue growth in constant currency terms (CC) is expected at 3% QOQ ahead of guidance. In the last quarter management had shared revenue guidance of 1.5% to 2.5% QOQ in CC for Q3 and Q4. Strong deal momentum is expected along with positive commentary. EBIT margin is expected to largely remain sta