 "Infosys")
Infosys moved higher by 2.7% to Rs 1,080 in intra-day trade, extending its 4% gain in past three days on BSE, ahead of October-December (Q3FY18) results on Friday, January 12, 2018. The stock of information technology (IT) company is trading at its highest level since October 14, 2016.
Motilal Oswal Securities expects Infosys’s Q3FY18 EBITDA (earnings before interest, taxes, depreciation and amortization) to contract by 40bps quarter on quarter (QoQ0 to 26.4%, led by continued investments in the business and the fact that operational efficiency levels have been squeezed materially over the last few quarters.
“We estimate Infosys
Motilal Oswal Securities expects Infosys’s Q3FY18 EBITDA (earnings before interest, taxes, depreciation and amortization) to contract by 40bps quarter on quarter (QoQ0 to 26.4%, led by continued investments in the business and the fact that operational efficiency levels have been squeezed materially over the last few quarters.
“We estimate Infosys
