Stock to Watch: Infosys shares in focus ahead of Q2 earnings
Infosys will be in focus in Thursday's trade as the IT services exporter will announce its results for the quarter ended September 2024 later today.
India's second largest software exporter is likely to report healthy numbers in the second quarter, driven by ramp-up of mega-deals and continued demand improvement in the financial services segment.
Net sales for the quarter is seen rising 5% year-on-year, according to an average estimate of five brokerages. Most analysts estimate constant currency (CC) revenue to improve over 3% quarter-on-quarter.
The profit after tax (PAT) during the second quarter is likely to rise 11% year-on-year, an average estimate of five brokerages revealed.
The Bengaluru-based company is expected to revise its guidance upwards for FY25 to 4-5% in constant currency terms. Earlier, the company guided for a revenue growth of 3-4% for the same period.
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