Infosys Q1 results LIVE: Earnings performance acid test for new management

With Infosys Q1FY19 result expected later today, analysts are watching the performance of key business verticals such as BFSI and retail. Catch all the live updates here

BS Web Team  |  New Delhi 

FUND TRACKER SBI Life adds Infosys in its portfolio in June 2018 SBI MF's major additions were Infosys(Rs 3.05bn),Indostar Capital Finance(Rs 2.8bn) and Exide Industries(Rs 2.21bn).It's major reductions were Interglobe Aviation(Rs 1.37bn), Dr. Lal Pathlabs(Rs 1.01bn) and Container Corporation Of India (Rs 0.97bn). New entrants included Indostar Capital and Minda Corp. Complete exits were Mahindra Holidays and Repco Home (Source: Edelweiss Fund Insight) IT Sector Preview: Cross currency to affect reported dollar revenue   The top-5 IT firms are likely to post -2% to +2% QoQ dollar revenue growth, with TCS likely to lead the pack. Mid-sized firms will see variation, with Hexaware Technologies and Persistent Systems (3.7% and 3.6% QoQ dollar revenue growth, respectively). However, Cyient (0.3% QoQ) will underperform owing to seasonally weak DLM revenue. In rupee terms, revenue growth is likely to come in at 1.8-6% QoQ owing to rupee depreciation of 4.2% QoQ. READ MORE SPECIAL REPORT 25 years of Infosys listing: Ex-CFO says Narayana Murthy made it all happen As IT major Infosys completed 25 years of its listing on the stock exchange, a former senior official of the firm paid rich tributes to the co-founder N R Narayana Murthy for creating the "dream" company.   "I don't think the country is going to see one more Infosys again because Infosys has been a dream company for many generations," says ex-Chief Financial Officer V Balakrishnan READ MORE HERE Stock watch BSE IT index ahead of Infosys' Q1 numbers COMPANY LATEST CHG(RS) CHG(%) FREE FLOAT MKT CAP (RS CR) WEIGHT IN INDEX (%) R S SOFTWARE (I) 46.10 7.65 19.90 73.46 0.04 SONATA SOFTWARE 341.40 25.15 7.95 2442.24 0.25 MPHASIS 1220.30 50.70 4.33 9435.85 0.80 CIGNITI TECH. 396.00 10.95 2.84 507.18 0.11 INFOSYS 1323.45 28.85 2.23 251479.92 42.26 FIRSTSOUR.SOLU. 73.95 1.10 1.51 2240.24 0.24 Click here for more Ahead of Earnings Infosys Q1FY19 earnings preview: Here's what to expect today   TCS surprised the Street by reporting better-than-expected numbers in the first quarter of financial year 2018-19 (Q1FY19), while showing a double-digit rise in dollar revenue for the second quarter. Will Infosys follow suit? The IT major is scheduled to announce its results for the June quarter post market hours today.   According to analysts, outlook for verticals like BFS and retail, commentary around margins in lieu of the new investments, deal wins and performance of digital segment and operational performance with increase in onsite investments are key monitorables to look out for with Infosys. READ MORE

Information technology (IT) major Infosys is scheduled to announce its results for the first quarter of financial year 2019 after market hours on Friday. The Q1 earnings are being seen as an acid test for the company's new management. 

As reported earlier, while Infosys is slowly returning to a steady state, the company is yet to catch up with larger industry peers in terms of growth. One of its peers, Tata Consultancy Services, on Wednesday reported better-than-expected numbers on all fronts.   

Analysts, reportedly, are keenly watching the performance of Infosys' key business verticals -- including banking, financial services & insurance (BFSI) and retail -- and its digital business. 

The outlook for verticals like BFSI and retail, commentary around margins in lieu of the new investments, deal wins, the performance of the digital segment, and operational performance with increase in onsite investments are key monitorables to look out for, analysts said.  

Brokerage firm Phillip Capital said Infosys was likely to maintain its revenue growth guidance at 6-8 per cent constant currency growth for FY19 with a brighter outlook for deal flow. Similarly, Kotak Institutional Equities said it expected the earnings before interest & taxes margin to get some support from currency depreciation despite pressure from wage hike and higher visa cost. 

At the company's 37th annual general meeting in June this year, Infosys Non-Executive Chairman Nandan Nilekani had said that the company had taken several steps during the year to address the concerns raised on the matter of stability and was on the verge of something momentous.    

 
First Published: Fri, July 13 2018. 15:03 IST

Infosys Q1 results LIVE: Earnings performance acid test for new management

With Infosys Q1FY19 result expected later today, analysts are watching the performance of key business verticals such as BFSI and retail. Catch all the live updates here

With Infosys Q1FY19 result expected later today, analysts are watching the performance of key business verticals such as BFSI and retail. Catch all the live updates here
Information technology (IT) major Infosys is scheduled to announce its results for the first quarter of financial year 2019 after market hours on Friday. The Q1 earnings are being seen as an acid test for the company's new management. 

As reported earlier, while Infosys is slowly returning to a steady state, the company is yet to catch up with larger industry peers in terms of growth. One of its peers, Tata Consultancy Services, on Wednesday reported better-than-expected numbers on all fronts.   

Analysts, reportedly, are keenly watching the performance of Infosys' key business verticals -- including banking, financial services & insurance (BFSI) and retail -- and its digital business. 

The outlook for verticals like BFSI and retail, commentary around margins in lieu of the new investments, deal wins, the performance of the digital segment, and operational performance with increase in onsite investments are key monitorables to look out for, analysts said.  

Brokerage firm Phillip Capital said Infosys was likely to maintain its revenue growth guidance at 6-8 per cent constant currency growth for FY19 with a brighter outlook for deal flow. Similarly, Kotak Institutional Equities said it expected the earnings before interest & taxes margin to get some support from currency depreciation despite pressure from wage hike and higher visa cost. 

At the company's 37th annual general meeting in June this year, Infosys Non-Executive Chairman Nandan Nilekani had said that the company had taken several steps during the year to address the concerns raised on the matter of stability and was on the verge of something momentous.    

 
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