Infosys declines 4% on profit-booking by investors post Q2 results

Analysts are surprised by the fact that Infosys did not raise the revenue guidance at the upper end despite the confidence of strong order booking

Shares of Infosys dipped 4 per cent to Rs 781 in morning deals on the BSE on Monday as investors took to profit booking after the company reported September quarter (Q2FY20) results broadly in-line with the analysts expectations. Further, investors turned cautious as a stable guidance likely implies soft second half (October-March) or H2.

For the period under review, Infosys' revenue growth was tad lower than what analysts had forecast. It, however, outperformed on the margin front and reported an Ebit (earnings before interest and tax) margin of 21.7 per cent, a rise of 120 basis points (bps). Analysts had pegged