Infosys Q3 results tomorrow: 5 things to watch out for
Live MintWhen Infosys Ltd announces its third-quarter results on Thursday, investors and analysts will be looking for clues into whether the company can overcome potential growth obstacles and if it is on course to surpass its FY24 performance. The two Indian information technology services companies that have so far announced results for the December quarter—a seasonally weak period for the sector because of fewer working days—fell short of analysts’ expectations in key metrics. Mumbai-based Tata Consultancy Services Ltd, India’s largest IT services provider that kickstarted the ongoing earnings season, reported its slowest third-quarter sequential growth in nine years, with revenue a shade lower than expectations. For investors who expect Infosys to end the year on a strong footing, on the back of strong deal wins in the first half of the fiscal, a revenue decline would come as a jolt. The year Infosys missed giving wage hikes is also when it reported its slowest growth since Salil took over as chief executive.