IT firms may revise guidance upward in second half of FY24
1 year, 7 months ago

IT firms may revise guidance upward in second half of FY24

Live Mint  

New Delhi: The information technology services sector, valued at $245 billion in FY23 as per industry body Nasscom, may revise its growth guidance in the second half of this fiscal year, pinning their hopes on improving macroeconomic conditions by the end of the year. Most industry experts and analysts expected large-cap IT service providers to report drops in revenue growth, driven mostly by the banking, financial services and insurance sector’s slowdown in the North American market. Infosys, the second-largest IT services firm, projected revenue growth guidance of between 4-7% for FY24 — a steep fall from its 16-16.5% growth guidance for FY23. Industry analysts and stakeholders said that the revenue growth guidance reflects clear weaknesses, but also leaves the scope for revised growth open in the second half of the year. If we look at this in context of the weak revenue growth guidance given by most firms, it seems that most of the industry’s clients and customers are cautious, but not in panic."

India Growth Services Guidance Service Revenue Second Sector Points North America Providers Fy24 Tcs Second Half Revenue Growth Fy23 Revenue Growth Guidance  sector  firms  points  providers  second  growth  fy24  guidance  half  fy23  services  upward  revenue  revise  service

History of this topic

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
5 months ago

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook

The Hindu  

IT major Infosys Ltd on Thursday reported a 7% rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to ₹6,368 crore in the April-June quarter, compared to ₹5,945 crore in the same period a year back, according to a stock exchange filing by the company. Quarter-on-quarter …

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend
5 months ago

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend

Hindustan Times  

Infosys raised its revenue growth forecast for the financial year 2024-25 on July 18, raising the growth percentage to 4% from 3% earlier. The IT giant's consolidated revenue grew 7% to ₹39,315 crore for the first quarter of the financial year 2024-25 from ₹37,933 during the previous year. The company had previously revised its yearly revenue growth guidance five times …

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%
5 months ago

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%

News 18  

Infosys Q1 Results 2024: In Q1 FY25, Infosys reported a 7.1% year-on-year increase in net profit to Rs 6,368 crore, surpassing expectations. Infosys Results Today Salil Parekh, CEO and MD, Infosys, said, “We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. According to analysts, Infosys was …

Infosys to share Q4 earnings today: Check results timing, details and preview here
8 months ago

Infosys to share Q4 earnings today: Check results timing, details and preview here

Hindustan Times  

Infosys Q4 results: Infosys Ltd will declare its results for the March quarter on April 18 and is expected to declare a muted growth 3-4 per cent year-on-year growth in sales while Ebit margin is seen contracting marginally on a sequential basis amid wage hikes during the quarter. Infosys Q4 results: Infosys results come after IT major Tata Consultancy Services …

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike
8 months ago

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike

News 18  

Infosys, the country’s second-largest IT services company, is set to announce its financial results for the fourth quarter ended March 2024 on Thursday, April 18. BNP Paribas in its note said Infosys’ EBIT margin is likely to have declined by 25 basis points in Q4 FY24 to 20.3 per cent due to wage hike impact, visa costs and muted revenue …

For IT firms, deal wins paint a grim picture
10 months ago

For IT firms, deal wins paint a grim picture

Live Mint  

The revival hopes for the information technology sector hinge significantly on the rate of deal acquisitions, yet the December quarter witnessed a lukewarm performance in this arena. “Ex-Infosys, last twelve month deal flow growth was 5-18% year-on-year with Tech Mahindra down 41% year-on-year," said a report from Ambit Capital. Subdued deal activity is likely to impact short-term revenue growth across …

Q3 results: Top 4 Indian IT companies balance caution and optimism
11 months, 1 week ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

‘Slowing down’ at clients prompts Infosys to cut revenue growth guidance
1 year, 5 months ago

‘Slowing down’ at clients prompts Infosys to cut revenue growth guidance

The Hindu  

IT services major Infosys Ltd. on Thursday cut its full-year revenue growth guidance citing a distinct “stopping or slowing down” in some verticals, after reporting first-quarter net profit rose 10.9% year-on-year to ₹5,945 crore. The technology services provider pared its FY24 revenue growth forecast by at least 300 basis points to 1-3.5%, from 4-7% projected earlier amid an increasingly challenging …

Revenue guidance cut, headcount falls; 6 key points from Infosys’ Q1FY24 result
1 year, 5 months ago

Revenue guidance cut, headcount falls; 6 key points from Infosys’ Q1FY24 result

Live Mint  

The June quarter numbers of Infosys came mixed. The company registered an operating profit of ₹7,891 crore which was 14.1 per cent YoY while the operating margin came at 20.8 per cent up 70 bps against 20.1 per cent YoY. In constant currency terms, Infosys' Q1FY23 revenue grew 4.2 per cent YoY and one per cent QoQ. Financial services revenue …

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%
1 year, 5 months ago

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%

Live Mint  

India’s second-largest information technology company Infosys Ltd announced its April-June quarter results for fiscal 2023-24 on July 20, sharply trimming its revenue guidance to 1-3.5 per cent for FY24 from 4-7 per cent amid an increasingly challenging demand environment. Infosys reported a rise of 11 per cent in net profit to ₹5,945 crore, compared to ₹5,360 crore in the corresponding …

Why HCL has some edge over TCS, Infosys
1 year, 8 months ago

Why HCL has some edge over TCS, Infosys

Live Mint  

Homegrown IT services major HCL Technologies reported its earnings for the March quarter, with results largely along expected lines. Looking ahead, HCL has guided for 6-8% year-on-year revenue growth in constant currency for FY24, with robust deal wins expected to drive revenue growth. But given global macroeconomic uncertainties, HCL has seen earnings downgrades akin to peers Tata Consultancy Services and …

All cloud, no silver lining for Infosys
1 year, 8 months ago

All cloud, no silver lining for Infosys

Live Mint  

There are no silver linings in Infosys Ltd’s results for the March quarter. Unplanned project ramp downs, delays in decision making and one-off impact due to certain cancellations hit revenue growth, the Infosys management said. View Full Image Graphic: Mint Remember, just in January, Infosys had raised its FY23 CC revenue growth guidance to 16-16.5% from 15-16% earlier. “While the …

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter
1 year, 8 months ago

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter

The Hindu  

Infosys on Thursday said it recorded an 8% year-on-year increase in fourth-quarter net profit to ₹6,128 crore. “Infosys delivered a surprisingly weak set of numbers for Q4 and missed street estimates on all multiple fronts on the back of unplanned project ramp-downs and cancellation across sectors,” said Sanjeev Hota, head of research, Sharekhan by BNP Paribas. “We have seen unplanned …

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%
1 year, 8 months ago

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%

Live Mint  

IT company Infosys on Thursday gave a revenue guidance of 4% to 7% in constant currency terms for the current financial year. The Bengaluru-based IT giant also posted a 7.8% year-on-year rise in consolidated net profit at ₹6,128 crore in March quarter of FY23. Infosys - which competes in the market with Tata Consultancy Services, Wipro and other IT firms …

Infosys Q4 Results Today: After TCS results, 5 key metrics to watch out for
1 year, 8 months ago

Infosys Q4 Results Today: After TCS results, 5 key metrics to watch out for

Live Mint  

Infosys, an IT company, is slated to announce its fourth-quarter earnings for FY23 today, which may be impacted by seasonal weakness and macroeconomic uncertainties. Revenue growth According to media reports, Infosys is anticipated to experience a revenue growth of approximately 1-2.4 per cent, which may be hindered by macroeconomic challenges. During the third quarter, Infosys experienced a decrease in attrition, …

Infosys closing the gap with Cognizant in terms of revenues
2 years, 1 month ago

Infosys closing the gap with Cognizant in terms of revenues

Live Mint  

Cognizant's September 2022 quarter revenue growth of 5.6% was below guidance of 7.5-8.5% as execution challenges hit performance. Cognizant cuts its CY2022E revenue growth guidance to 7% from 8.5-9.5% in the June 2022 quarter, and 8.5-11.5% at the beginning of the year. "Revenue and bookings were below our expectations as company specific fulfillment challenges were compounded by the impact of …

Infosys misses profit estimates in Q1 but raises FY23 revenue guidance
2 years, 4 months ago

Infosys misses profit estimates in Q1 but raises FY23 revenue guidance

Live Mint  

IT-giant, Infosys registered a single-digit 3.2% growth in consolidated net profit to ₹5,360 crore for the quarter ending June 30, 2022 compared to a profit of ₹5,195 crore in the same period last year, missing analysts' as rising costs took the shine off deal wins in the quarter. Consolidated revenue, meanwhile, increased by 23.6% in the quarter under review to …

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock
2 years, 6 months ago

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock

Live Mint  

IT major Infosys' shares have fallen 22% from its highs on the back of weak Q4 results due to margin pressures, as well as growing concerns on growth due to worsening macro and rising yields. Analysts at Jefferies believe Infosys is well positioned to deliver 11/15% CAGR in revenue/EPS over FY23-25 as cloud adoption is still low, low US unemployment …

Infosys Outperforms TCS in Q4, Revenue Guidance Beats Street Expectations; Should You Buy?
2 years, 8 months ago

Infosys Outperforms TCS in Q4, Revenue Guidance Beats Street Expectations; Should You Buy?

News 18  

Infosys Shares: Infosys, the country’s second-largest IT services company, recorded lower-than-expected earnings growth in March 2022 quarter but the revenue growth guidance for the current financial year has exceeded analysts’ expectations. However, Infosys has given robust guidance for FY23E of 13-15 per cent which indicates a healthy demand outlook. Brokerage firm Motilal Oswal said that strong headcount addition at 22,000, …

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%
2 years, 8 months ago

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%

Live Mint  

India's second largest IT services exporter Infosys Ltd's consolidated net profit rose 12% to ₹5,686 crore for the March quarter. A Bloomberg consensus estimate expected Infosys to post a net profit of ₹5,961 crore, while revenues were seen at ₹32,709 crore for the March quarter. “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated …

Infosys Q4 Results Today: 5 Key Things To Watch Out For
2 years, 8 months ago

Infosys Q4 Results Today: 5 Key Things To Watch Out For

News 18  

As India Inc’s earnings season has started with India’s largest IT services firm TCS declaring its result on Monday, another IT major Infosys is going to announce its financial results on Wednesday. Here’re important parameters the investors need to see in the results: Revenue Growth The company is expected to post a 26.3 year-on-year jump in revenue to Rs 33,219 …

Infosys Q4 Results: IT Major Expected to Report a Stable Quarter; Key Things to Expect
2 years, 8 months ago

Infosys Q4 Results: IT Major Expected to Report a Stable Quarter; Key Things to Expect

News 18  

Infosys Q4 Earnings: Infosys, which is set to announce its financial performance on Wednesday, is expected to report a solid performance, despite a high base. Emkay Global sees Infosys’s profit growing 18.4 per cent to Rs 6,010 crore while sales rising 23.9 per cent YoY to Rs 32,610 crore. Infosys guiding for 12-15 per cent constant currency YoY revenue growth …

TCS, Infosys Q4 Results: IT Sector's Revenue Growth To Moderate in March Quarter?
2 years, 8 months ago

TCS, Infosys Q4 Results: IT Sector's Revenue Growth To Moderate in March Quarter?

News 18  

Information technology stocks like TCS and Infosys have been giving good returns for quite some time. We expect strong demand commentary from IT majors led by Infosys with revenue growth guidance of 11-13 per cent year-on-year CC for FY23.? It said Infosys and TCS are expected to post 1.4-5.5 per cent q-o-q growth CC in revenues, while Mindtree and Coforge …

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%
2 years, 11 months ago

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%

Firstpost  

Infosys’ revenue grew 22.9 percent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added New Delhi: India’s second-largest software services firm Infosys on Wednesday reported an 11.8 percent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. Infosys’ revenue grew 22.9 percent to Rs 31,867 …

Discover Related