Infosys Q3 Results: Market Expects Muted Revenue Growth

Infosys is expected to announce its Q3 earnings today. As per the estimations, the second largest IT company is scheduled to report flat sequential revenue growth in constant currency (CC) terms. While net profit is likely to surge by 5% quarter-on-quarter (QoQ), EBIT margins are likely to improve, buoyed by Project Maximus and partial offsets by furloughs.

During the second quarter, the tech giant reported an operating profit of ₹6,506.00 crore, up 4.73% YoY, while clocking 3.1% QoQ in ‘constant current’ in the same period.

Infosys is set to hold a press conference at 4:30 p.m. wherein the IT giant will report its Q3 numbers. The management will take on questions from the media and discuss the company’s future outlook. The event will be live-streamed on Infosys’s official website in the Investor Relations section.

As of 12:35 am, shares of Infosys are trading at ₹1,942.90, up 0.35%.