Infosys | The US subsidiary completed acquisition of automated new business and underwriting platform from STEP Solutions.
KRChoksey has come out with its fourth quarter (January-March’ 21) earnings estimates for the IT sector. The brokerage house expects Infosys to report net profit at Rs 5,555.2 crore up 6.9% quarter-on-quarter (up 28.6% year-on-year).
Net Sales are expected to increase by 3.8 percent Q-o-Q (up 15.7 percent Y-o-Y) to Rs 26,912.9 crore, according to KRChoksey.
Earnings before interest and tax (EBIT) are likely to rise by 1.3 percent Q-o-Q (up 35.4 percent Y-o-Y) to Rs 6,671.4 crore.
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