The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.
Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore
Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4
However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12
The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period
Realty index surges over 3%; Wipro reports Q3 net profit flat at Rs 2,969 cr, declares interim dividend of Re 1; Infosys Q3 PAT rises 12% to Rs 5,809 cr, raises FY22 revenue guidance
A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent
Street expects an upward revision in growth guidance; valuation divergence with TCS to narrow
IT firm reports total contract value for FY21 of $14.1 billion, an all-time high
Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday
While double-digit growth in FY22 is a given, near term margins could come under pressure
Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year
While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year
The stock was down 3% to Rs 565 on the BSE, and was trading at its lowest level since April 19, 2018
Digital marketing is a particularly strong capability for Indian companies, according to the new global study by Infosys Knowledge Institute
Overhang on Infosys' stock due to whistleblower allegations is over after completion of investigation
The Sensex rose 0.6 per cent, or 222 points, to close at 40,470, with Infosys shares rising 2.4 per cent, making one of the highest contribution to the gauge's gain
Former CFO and deputy CFO could be approached to assist in the probe
"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes
Robust deal pipeline, margin gain hopes have helped it to bridge the valuation gap with TCS