For the first time ever, Infosys delays announcement of Q4 numbers

Perhaps for the first time in its history, Infosys is expected to delay the declaration of its quarterly results because of the uncertainty surrounding the IT sector following the coronavirus pandemic.

Sources close to the company said that the fourth quarter results of Infosys will be delayed and that no fresh date has been finalised yet.

Analysts tracking the company and the sector said that it is likely that Infosys might delay its FY21 growth/margin guidance to the subsequent quarters.

“Even if they were to guide, these guidance bands will likely be wider than usual and subject to sharp revisions later on, as clients relook at their IT budgets,” Motilal Oswal in a note to its investors, said.