Infosys Q3 Results

Market analysts said Infosys' performance was in line with their expectations

Earnings per share (EPS) of the company came in at Rs 10.51, an increase of 26.6% YoY and 11.2% QoQ.

Any audit committee update on investigation into whistleblower complaints against the company will be keenly watched

The company, however, reported healthy top line growth in the quarter with revenues growing at 20.3 per cent on a YoY basis at Rs 21,400 crore while sequentially they rose by 3.8 per cent

The company's board approved buyback of 10.32 crore shares, comprising approximately 2.36 per cent of the paid-up capital of the company as of December 31, 2018 for up to Rs 8,260 crore.

On sequential basis, PAT (profit after tax) fell 12.18 per cent.

Since October 16, 2018, post-September quarter results, Infosys underperformed the market by falling 2 per cent against 3 per cent rise in S&P BSE Sensex.

Analysts at ICICIdirect see CC revenues to grow 2.2 per cent QoQ with cross currency impact of 50 bps to dollar growth.

The company delivered better than expected on volume growth front, which stood at 1.6% QoQ, and consequently aided the EBIT and PAT coming in higher than expected