Infosys Q4 Earnings: Infosys, which is set to announce its financial performance on Wednesday, is expected to report a solid performance, despite a higher base. Revenue growth will be a function of broad-based traction across key verticals, though seasonal factors may weigh the show down a bit. The continued adoption of digital and cloud platforms augurs well for the company and will continue to win deals. On the other hand, higher visa costs, supply-side pressures and lower utilization rates could result in lower EBIT margins. For FY23, the company may guide for 12-14 per cent growth in constant currency revenue and EBIT margin of 22-24 per cent.
After Tata Consultancy Services Q4 earnings, now shifting focus to Infosys, investors will look at FY23 revenue and margin guidance, forecast outlook and management commentary on pricing trends. Infosys is seen to report a stable quarter. Infosys on April 1, 2022 informed NSE that it will release the results for the fourth quarter and year ended March 31, 2022 at 4 PM Indian Standard Time (IST) on Wednesday, April 13, 2022. The Board of Directors of the Company shall publish in the meeting the audited standalone and audited consolidated financial results for the financial year ending March 31, 2022. In addition, the final dividend will be recommended for the financial year ending March 31, 2022.
What to Expect from Infosys Q4FY22 Earnings?
Emkay Global believes Infosys profit grew 18.4 per cent to Rs 6,010 crore, while sales grew 23.9 per cent year-on-year to Rs 32,610 crore.
“We expect 1.9 per cent sequential dollar revenue growth in Q4FY22 after factoring in a 30 bps cross-currency headwind. EBIT margin is expected to remain flat in Q4FY22,” it said.
Infosys is guiding for 12-15 per cent constant currency (CC) annualized revenue growth and 22-24 per cent EBIT margin. The brokerage said investors would expect updates on client interactions — impacts from higher energy prices, inflation and a possible economic slowdown.
Yes Securities believes the company’s profit grew 20.3 per cent year-on-year to Rs 6,105 crore and sales grew 26.2 per cent to Rs 33,219 crore. It said growth will be broad-based across all segments of the industry with roughly flat sequential margins.
Analysts said management’s commentary on the 2022 IT budget, BFSI, is taking steps to manage supply-side challenges and available levers to protect margins and the demand environment in the manufacturing, retail and communications sectors.
Stock Outlook:
Infosys is one of the top picks of JM Financial Analysts in this sector. He has a Buy Recommendation with a target price of Rs 2,030.
Angle One Ltd said that Infosys has been consistently posting decent numbers and the last few quarters have turned into bell season for the sector. “We expect Infosys to continue reporting better than industry average topline growth with stable margins. Infosys continues to be our top choice among Tier-I IT companies. We currently have BUY rating on the stock with a price target of Rs. 2,205,” he added.
On Monday, shares of Infosys posted a fall ahead of fourth-quarter earnings. The stock closed at Rs 1766.65, down Rs 48.45, or 2.67 per cent, on the BSE. Before pulling back, the shares opened at an intraday high of Rs 1818.95 and also took an intraday low of Rs 1763. In one year so far, the shares of Infosys have gained about 24 per cent in view of today’s closing price. The stock was close to Rs 1,425 on April 12 last year. Shares of Infosys touched a new 52-week high of Rs 1,953.70 on BSE earlier this year.
read all Breaking News , today’s fresh news And IPL 2022 Live Updates Here.