The IT major could post Rs 5,210.9 crore profit and Rs 26,557 crore revenue in the last quarter of the financial year, a Bloomberg economists’ poll said.
Investors will closely watch Infosys’ revenue guidance for the next fiscal year and its plans to achieve it. It is expected that the Bengaluru-based IT giant will provide a revenue growth guidance of 12-14 per cent in constant currency terms, with a buffer for upgrades in the preceding months.
Analysts see Infosys clocking in 3-3.2 per cent sequential growth, mainly on account of high bookings and large-scale deals.
Infosys will also consider a share buyback plan in its board meeting scheduled on April 14. The company will declare the final dividend for the last financial year after announcing the quarterly results.
As per Nomura Research, the company could announce the buyback worth $1.3-1.9 billion at Rs 1,650 apiece.
News Source: businesstoday