Live updates on Infosys Q2 results: IT giant expected to have moderate sales growth and stable margins

 Live updates on Infosys Q2 results: IT giant expected to have moderate sales growth and stable margins

Updates on Infosys Q2 results: Today, October 12, Infosys Ltd, the second-largest exporter of software services, is scheduled to release its financial results for the second quarter of FY24. The IT giant is anticipated to record subdued quarter-over-quarter (QoQ) sales growth of roughly 1.7%, while sequential net profit growth is anticipated to increase by 8%. Due to the lack of a pay increase this quarter and the minimal topline growth, operating margin is virtually constant. The emphasis would be on management analysis of transaction pipelines and the acceleration of contract wins. For the most recent developments, follow our Infosys Q2 Results Live Blog.

IST, Oct. 12, 2023, 8:40:51

Live Infosys Q2 Results: Anticipate Moderate CC Revenue Growth

Because of a downturn in demand in important markets, Infosys is anticipated to publish weak financial results for the current financial year's second quarter (Q2FY24), which runs from July to September. Experts and trading houses anticipate Infosys will announce revenue increase in the low single digits year over year (YoY). A quarter-over-quarter (QoQ) comparison may show flat revenue. The emphasis would be on management analysis of transaction pipelines and the acceleration of contract wins.

Due to the ongoing downturn in demand, Infosys may post a subdued revenue rise of 0.8% QoQ in CC (constant currency) terms, with the newly inked major projects maybe not making a substantial contribution just yet. However, according to experts, Infosys' transaction TCVs (total contract values) should seem favorable given its recent string of large wins. In Indian currency terms, Infosys' Q2 revenue might increase 5.2% year over year. 

Oct. 12, 2023, 8:34:41 IST

Live Q2 results for Infosys will be released today.

Today, October 12, Infosys, the second-largest exporter of software services, is scheduled to release its financial results for the second quarter of FY24.