Infosys Q2 earnings today: Five things to watch out for

BENGALURU: Infosys Ltd, India’s second largest IT services exporter by revenue, will announce its second quarter earnings on Wednesday. Peers Tata Consultancy Services (TCS) Ltd and Wipro Ltd have performed reasonably well compared to the last two pandemic-hit quarters.

Given the gradual uptick in business and demand environment, analysts and investors will check if Infosys will raise its 2020-21 guidance from 0-2% in constant currency. Management commentary on recovery trajectory, salary hikes, and deal pipeline will also be closely monitored.

For the quarter ended June, Infosys’s net profit rose 11.5% y-o-y but declined 2.4% sequentially to ₹4,233 crore. The closely-watched dollar revenue declined 0.3% y-o-y and 2.4% sequentially to $3.12 billion as challenges continued due to the covid-19 pandemic.