Infosys to announce Q3 results today

Bengaluru-based IT major Infosys is set to announce its third-quarter results at 4 PM today, amid global headwinds and slowdown in the US economy.

Infy results: Things to look out for

Bengaluru-based IT major Infosys will be announcing its third-quarter results later. Here are the five things to watch out for ahead of the results

The company is set announce a bonanza for its shareholder, which is likely to be worth Rs 10,400 crore.

Attrition came down by 70 basis points in the second quarter to 19.9%, as against 20.6% during the first quarter

Infosys in past two years has seen a lot of its top executives exit.

In picture: Former CFO M D Ranganath

The analysts and shareholders need to watch out for the impact of rupee on the company’s revenues in this quarter as it touched an all-time low during the first month of the bygone quarter, against US dollar.

Under Salil Parekh’s leadership, the digital business is the core to all the business strategies of Infosys going forward

Infosys CEO Salil Parekh

Shares of IT major are trading at Rs 684.95, up 0.76% on the BSE.

US revenues of the company could grow 1.2% q-o-q to $2,955 million led by deal ramp-ups and continued recovery in retail and BFSI, said Equirus Securities

EBITm could decline 25bps q-o-q to 23.5% as investments and large deal transition costs could offset rupee tailwinds, Equirus Securities added to their speculation

Shares of Bengaluru-based IT behemoth closed at Rs 683.70, up 0.58% on the BSE, prior to the anticipated Q3 results to be announced at 4:00 PM.

Infosys sees 10.1% y-o-y revenue growth and 2.7% growth q-o-q in Q3

“With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis," says Salil Parekh, CEO and MD of Infosys

Infosys Q3 net profit declines 12% at Rs 3,610 crore compared with Rs 4,110 crore in September quarter on a sequential basis.

Infosys board clears reappointment of Kiran Mazumdar-Shaw as an Independent Director

Infosys buybacks equity shares from the open market route amounting to Rs 8,260 crore at a price of Rs 800 per share

“Cash generation was strong during the quarter. Executing on the capital allocation strategy announced in April 2018, we have announced a share buyback program and a special dividend,” said Jayesh Sanghrajka, Interim CFO.

Infosys Results live from its headquarters in Bengaluru