Infosys Q1 preview: Revenue may dip 4%; magnitude of pricing pressure eyed

The fall in EBIT margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs, according to analysts.

After peers Tata Consultancy Services (TCS) and Wipro, Infosys is scheduled to release its financial results for the April – June quarter of the fiscal year 2020-21 (Q1FY21) on Wednesday, July 15. The IT major is expected to report subdued numbers due to disruptions caused by the Covid-19 pandemic. Meanwhile, the fall in the earnings before interest and tax (EBIT) margin could be limited due to the benefit from rupee depreciation, cut in travel costs, and optimisation on variable costs, according to analysts.

Further, analysts expect Q1FY21 to be the peak pain quarter for the IT firms as already lockdowns