Infosys Q3 earnings: Here’s what brokerages expect from the IT major

NEW DELHI: InfosysNSE 1.80 % is all set to kick off the December quarter earnings season this Friday. In rupee terms, the IT major is projected to report 6-8 per cent quarter-on-quarter (4-7 per cent YoY) profit growth. In constant currency terms, sales growth is seen in the 1.4-2 per cent range sequentially. Margins for the quarter may expand 40-50 basis points quarter on quarter, analysts said.

The Bengaluru-based company may report healthy order wins in an otherwise seasonally weak quarter. Some analysts even say the company may revise its FY20 revenue guidance.

Sharekhan expects Infosys to revise its lower end of the revenue guidance upward to 9.5 per cent (to 10 per cent) from 9 per cent (to 10 per cent). The brokerage expects the IT major to maintain margin growth guidance.