Infosys Q4 preview: Despite seasonal weakness, Y-o-Y revenue growth and rise in net profit

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Infosys Q4 preview: Despite seasonal weakness, Y-o-Y revenue growth and rise in net profit
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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 Infosys faced a seasonal weakness this year, estimates suggest that a marginal rise in the business momentum and weaker rupee are what would help the Indian tech giant bring in better revenue growth for the March 2016 quarter.

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.

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