Five things to watch out for in Infosys Q3 earnings

BENGALURU : The October-December quarter was challenging for Infosys Ltd as two whistleblower letters surfaced, accusing its chief executive officer Salil Parekh and chief financial officer Nilanjan Roy of accounting malpractices. When the first letter became public on 22 October, the company’s shares tumbled as much as 16%. Amid all this, the company’s leadership had a tough time building confidence among clients and investors. The challenge might have been heightened by the fact Q3 is a seasonally weak quarter for IT companies due to holidays and furloughs. It will therefore be interesting to observe if the leadership has been able to sail through the turbulent waters and return to safe harbour.