Financials:
- Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%.
- Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump.
- FY24 Guidance: Infosys sharply reduced its FY24 revenue growth forecast due to global uncertainties. The new estimate is 1-3.5% growth in constant currency terms, down from the previous 4-7% range.
Positives:
Revenue Growth: Infosys is expected to see a notable sequential increase in revenue (around 2.4%) driven by the ramp-up of large deals.
Margin Expansion: The company is anticipated to experience an expansion in its operating margins due to cost-optimization efforts.
Negatives:
Profit Decline: Net profit is projected to decline quarter-on-quarter (around 21.6%) primarily due to the absence of a tax refund benefit received in the previous quarter.
Market Watch:
Analysts will be paying close attention to the official earnings release on July 18th to confirm these predictions.
Additional Notes:
The information you provided seems to contradict the previous preview about a YoY increase in net profit. It’s important to consider that analysts’ estimates can vary.
Overall:
While Infosys might see a dip in net profit, the revenue growth and margin expansion are positive indicators for the company’s performance.