Stocks

Will Infy Q1 emulate TCS’ good show?

| Updated on July 12, 2018 Published on July 12, 2018

After the stellar performance by TCS, all eyes are on Infosys, which is scheduled to declare the June quarter results on Friday. Analysts expect EBIT margin to decline 100 bps due to wage revision and higher visa costs. However, most analysts believe the software major will maintain revenue growth guidance at 6-8 per cent in constant currency for FY19, with a better deal flow outlook. Brokerages expect net profit to grow 1-3 per cent sequentially and 6-9 per cent year-on-year.

Published on July 12, 2018
This article is closed for comments.
Please Email the Editor