Infosys Q4 preview: Despite seasonal weakness, Y-o-Y revenue growth and rise in net profit
Advertisement
Advertisement
On April 15, Infosys, India’s second largest software exporter will be declaring financial performance for the fourth quarter of FY 2015-16. Even though According to the average of estimates by seven brokerages and Intelligence Group's forecast, Infosys’s revenue will grow sequentially by 4.3% to Rs 16,583.2 crore compared with 1.7% growth in Q3. This will make the net profit grow by a tad 0.7% to Rs 3,487.8 crore, which is slower than the 2% increase that the December 2015 quarter saw.
Company’s revenue that is dollar denominated will most likely increase by 2-2.2% sequentially in the March 2016 quarter, way ahead of the 0.6% growth in Q3.
Analysts also expect that the company will aim for 11 to 13% growth in the dollar-denominated revenue for this fiscal.
Image source
Advertisement
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’