AgenciesInformation technology major in an exchange filing on Monday, informed that it would release its second-quarter earnings for the ongoing FY23 on October 13.
“Infosys, a global leader in next-generation digital services and consulting, will announce results for the second quarter ended September 30, 2022, on Thursday, October 13, 2022, around 3.45 p.m. Indian Standard Time (IST),” said the company’s press release.
In the June quarter, the IT major reported a 3.17% rise in net profit to Rs 5,360 crore versus Rs 5,195 crore in the same quarter last year. In constant currency terms, the company’s revenue grew by 21.4% YoY and 5.5% QoQ. The operating margin at 20.1 per cent declined 3.6 per cent YoY and 1.4 per cent QoQ.
Domestic brokerage Nirmal Bang expects Infosys to register 4.5% QoQ growth in CC terms and maintain its tag of being the fastest growing Tier-1 player in the industry. The company estimates cross-currency headwinds of 200 bps.
Further, the margin is expected to be at the lower end of the guided range of 21-23% and is likely to expand by 110 bps QoQ. “Strategic investment in talent and competitive compensation revisions are expected to impact margins in the near term,” added the brokerage in its 2QFY23 earnings preview report for the IT sector.
“Infosys, a global leader in next-generation digital services and consulting, will announce results for the second quarter ended September 30, 2022, on Thursday, October 13, 2022, around 3.45 p.m. Indian Standard Time (IST),” said the company’s press release.
In the June quarter, the IT major reported a 3.17% rise in net profit to Rs 5,360 crore versus Rs 5,195 crore in the same quarter last year. In constant currency terms, the company’s revenue grew by 21.4% YoY and 5.5% QoQ. The operating margin at 20.1 per cent declined 3.6 per cent YoY and 1.4 per cent QoQ.
Domestic brokerage Nirmal Bang expects Infosys to register 4.5% QoQ growth in CC terms and maintain its tag of being the fastest growing Tier-1 player in the industry. The company estimates cross-currency headwinds of 200 bps.
Further, the margin is expected to be at the lower end of the guided range of 21-23% and is likely to expand by 110 bps QoQ. “Strategic investment in talent and competitive compensation revisions are expected to impact margins in the near term,” added the brokerage in its 2QFY23 earnings preview report for the IT sector.
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