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Infosys Earnings May Disappoint

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Infosys October-December quarterly earnings could fall 1.8 per cent short of consensus expectations, while revenues may disappoint by 3.2 per cent, according to Thomson Reuters StarMine estimates.

Mean consensus earnings per share (EPS) estimates for Infosys Q3 stands at Rs 39.62 compared with Smart Estimate of Rs 38.91, which measures only the forecasts from top-ranked analysts.

Smart Estimates for Q3 revenues stand at Rs 9,376 crore, compared with consensus forecast of Rs 9,684 crore.

The BSE Sensex ended flat on 10 January as Infosys and other software services exporters  fell ahead of quarterly results, while cement makers slipped on near-term outlook concerns.

"Infosys' earnings and guidance would set the mood for the Q3 earnings season, which would be key for

markets till the RBI policy," said Deven Choksey, managing director at KR Choksey Securities told news agency Reuters.

Consulting strategy and possible acquisition targets would be key for Infosys, Choksey added.

Jagannadham Thunuguntla, Equity Head, SMC Capitals, talking to a private television channel said Infosys numbers were likely to be disappointing again. However, he said while poor results werew expected, the thing to look out for is guidance. He also said around 0.5 per cent revenue growth could be possible.