Infosys | The US subsidiary completed acquisition of automated new business and underwriting platform from STEP Solutions.
Motilal Oswal has come out with its fourth quarter (January-March’ 21) earnings estimates for the Technology sector. The brokerage house expects Infosys to report net profit at Rs. 532 crore up 2.1% quarter-on-quarter (up 22.8% year-on-year).
Net Sales are expected to increase by 2.6 percent Q-o-Q (up 14.3 percent Y-o-Y) to Rs. 2,659 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.1 percent Q-o-Q (up 34.2 percent Y-o-Y) to Rs. 661 crore.
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