Q4 results 2024: Should you buy Infosys shares as market expects 'modest' numbers
Q4 results 2024: After the announcement of Tata Consultancy Services or TCS results for Q4FY24, the market is eagerly waiting for the other Indian IT company's results for the recently ended March 2024 quarter. According to stock market experts, Infosys management may deliver a 'modest' guidance for the the financial year 2024-25.
They predicted a healthy deal pipeline and growth for the Indian IT major in Q4 results 2024. However, they also maintained that better utilization rates and the absence of one-time costs might be offset by wage hikes in November 2023.
Overall, they predicted better Q4 numbers for the company against the quarterly numbers Infosys delivered in Q3FY24. Speaking on Infosys results for Q4FY24, Dhruv Mudaraddi, Research Analyst at StoxBox said, "We expect Infosys revenue growth to be flat QoQ on account of delays in the ramp-up of large deals, pricing challenges, and seasonal softness.
The operating margin is expected to be flat as well as better utilization rates and the absence of one-time costs will be offset by weak growth and wage hikes in November 2023. Further, we expect Infosys to give a modest mid-single digit guidance for FY25 owing to a healthy deal pipeline and growth albeit experiencing difficulties ramping up as clients remain hesitant.
We would watch out for management outlook on the demand in FY25E/26E, pricing trends and pass-through of costs, large deal wins pipeline, client sentiment and budgets, and growth & margin guidance for FY25E." Comparing the Infosys Q4 results 2024 with the TCS Q4 numbers, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360 said, "Indian IT firms are gearing up to unveil their Q4 results. Last week, Tata Consultancy Services (TCS) reported a
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