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
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh