Infosys and Wipro Q3 earnings: Five things to watch out for today

Bengaluru: After a stellar Q3 performance by Tata Consultancy Services Ltd (TCS), all eyes are on peers Infosys Ltd and Wipro Ltd. The Bengaluru-based companies will announce their third quarter earnings after market hours on Wednesday.

Given the gradual uptick in business and demand environment, investors will monitor if Infosys will raise its existing FY21 guidance. Wipro which gives a quarterly guidance is also expected to show greater confidence and management commentary on the outlook and recovery trajectory will be closely watched.

As per Bloomberg consensus estimates, Infosys is expected to clock revenue of ₹25,182.90 crore and a net profit ₹5060.6 crore. Wipro is expected to post revenue ₹15490.9 crore and a net profit ₹2551.8 crore.