Infosys Q1 Preview: Global headwinds to constrain performance; FY24 outlook key

Infosys Q1 Preview: Global headwinds to constrain performance; FY24 outlook key

Infosys is expected to see a modest 1% sequential rise in consolidated net profit to Rs 6,185 crore, according to the average estimate by 13 brokerages. However, on a YoY basis, the bottomline is projected to be 15% higher. Similarly, consolidated revenue is anticipated to increase by just 0.7% sequentially to Rs 37,718 crore, yet rise by 9.4% YoY. The Bengaluru-based software services exporter will unveil its Q1 earnings on July 20. Analysts speculate Infosys will lower the upper end of its sales growth outlook for FY24. Hiring target and margin growth trajectory will be closely watched.

TIS Staff

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