Infosys Q4FY24 result preview: Low single-digit topline growth expected

IT major Infosys is expected to register lower single-digit growth in revenues for the January-March quarter of the financial year 2023-24 (Q4FY24) as compared to the same quarter in previous year. This comes on the back of weakness in discretionary spends and lower contribution from large deals, analysts said.

According to brokerages, Infosys is likely to report a revenue increase of 2-4 per cent year-on-year (YoY) between Rs 38,945 crore to Rs 38,432 crore.

The IT major Infosys is expected to report a net profit in the range of Rs 6,102 crore to Rs 6,442 crore for the fourth quarter, against Rs 6,128 crore in Q4FY23. Brokerage firms expect net profits of IT company Infosys in the range of – 0.4 per cent to 5 per cent YoY for Q4FY24.