Q3 results: Infosys, Wipro beat street estimates as demand climate improves

Robust demand from enterprise clients for cloud, data analytics and cyber security has resulted in an overall optimism in the IT sector with major players like Infosys and Wipro announcing a hike in margins and revenue guidance.

Infosys has revised its revenue growth guidance for FY21 in the range of 4.5-5% in constant currency terms and operating margin 24-24.5% whereas Wipro expects a sequential revenue hike in the range of 1.5-3.5% for Q4, FY21.