In the wake of IT bellwether Tata Consultancy Services’ third-quarter results, Dalal Street will turn its attention to another software major, Infosys, which will release its December quarter earnings after market hours on Thursday.
While TCS reported good third-quarter results, it failed to provide a concrete outlook on growth and deal pipeline in the face of a slowdown in the major markets of North America and Europe.
It will be interesting to see if Infosys can shed some light on the digital spending trend in key industries and markets.
In constant currency (CC) terms, analysts forecast a revenue growth of 1.1 percent QoQ. “High furloughs and lack of large deal kicker, unlike previous two years, will result in muted growth,” said Kotak Institutional Equities’ analysts
In this interaction, the participating executives will answer media questions, which will be streamed live on the Infosys website’s Investor Relations section.