Infosys

CNBC-TV18 poll expects US dollar revenue growth of 1.65 percent quarter-on-quarter, while rupee revenue growth seen at 3.9 percent.

There is a possibility that in Q1 FY24 the company can go ahead and do a buyback because the cool-off period has ended. The buyback happened in the month of March and the cool-off period ends in March. The most important commentary is going to be on buyback.

We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) This was higher than the expected Rs 56,893 crore. The software major reported strong 15% growth in revenue in North America and UK, the markets that together make for two-third of the total revenue for TCS, and three-fourth of the profits. Addressing questions on the challenges that a potential slowdown in North America and Europe could bring, TCS said caution prevails in these markets, but there has not been a major slowdown in decision making. These do not represent the views of Economic Times) At the current juncture, owing to multiple global headwinds, the outlook for FY24 looks uncertain, but recovery could be gradual in the coming quarters, said Sanjeev Hota, head of research at Sharekhan by (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. Staving off the weak seasonality factor, TCS reported a strong 5.3% sequential rise and a 19% YoY growth in consolidated revenue to Rs 58,229 crore for the third quarter of the current financial year. Notwithstanding the near-term volatility, the brokerage remains constructive on TCS for the long term. The operating margin, calculated as earnings before interest and tax (EBIT), expanded 50 basis points sequentially to 24.5%. “We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and UK,” said Rajesh Gopinathan, chief executive officer and managing director.

Infosys has an average target price of Rs 1716.43, based on estimates of 40 analysts, which suggests a potential 19 per cent upside ahead.

MOST READ For Infosys, Emkay expects Infosys to retain its FY23 guidance of 15-16 per cent CC YoY revenue growth and 21-22 per cent EBIT margin. verticals like BFSI, retail, manufacturing, and communications, deal intake in Q3 and pricing environment considering high inflation. Ahead of its earnings, Infosys has an average price target of Rs 1,716.43, based on estimates of 40 analysts, which suggests a potential 19 per cent upside ahead. TCS on the other hand, has an average price target of Rs 3,717.80, which suggests a 16 per cent potential upside. For Infosys, the same brokerage sees Ebit margin at 21.9 per cent against 21.5 per cent in September quarter and 23.5 per cent in the year-ago quarter. This brokerage expects TCS' deal wins around $8 billion. Dollar revenue is seen rising 1.6 per cent QoQ compared with 1 per cent for Infosys. It sees bottom line for Infosys also rising 12.6 per cent YoY to Rs 6,553 crore. TCS is expected to report a 1.9 per cent sequential revenue growth in CC terms compared with a likely 1.2 per cent growth for Infosys, said Nuvama Institutional Equities. Ebit margin are seen expanding sequentially for both the IT firms. IT major TCS will report its quarterly results today while Infosys, the second largest IT firm, is scheduled to report quarterly results on January 12, Thursday.

It is true that both companies contribute equally to economic growth. Here, Oracle provides the opportunity to explore subjects beyond coding, unlike TCS.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. If you are an enthusiastic programmer, working for a company with an exponential growth curve might be for you. It’s rare for a service-based corporation to terminate an employee for poor performance. An employee of a service-based firm may effortlessly stay on the bench and continue to get remuneration even with a bad performance rating. Developers will often demand a greater income than most service-based organizations if they are able to join a product company at the beginning of their careers. I pondered how [developers](https://www.analyticsinsight.net/tcs-vs-tech-mahindra-which-one-will-it-developers-choose-in-2023/) would explore an opportunity and choose a company.

Infosys is expected to witness expansion in its EBIT margin during Q3FY23. FY23 guidance, large deal intake, and client conversations are some of the ...

While 46% of Nifty 50 stocks fell below 23rd December's low, only 18.6% of NSE 500 stocks fell below their respective lows of the same day.

TCS: 40% of the time, TCS gave an average 7.5% return during the post-earnings period. An attempt is being made to break above the triangle chart formation which has been in place since November. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Infosys: If history is to repeat, there is a 50% chance of 9% move in Infosys post earnings. Largecap stock which constitutes 88% of the IT Index, saw an average -2.6% return last week. Protect longs with a stop loss placed below 567. IT stocks will be entering the results season on a low base and makes up for positive surprises. However, the psychological mark of 18000 failed to trigger a solid bounce, and appears to have rattled traders, prompting talks of 17500-300, also evidenced by Nifty put option activity. What are the important levels that one should track for Nifty and Nifty Bank? Out of the 4 times when the Nifty IT index entered the earning season on a low base with negative returns in the 15 days prior to the earnings month, an average of 5.4% return was registered in the next 30 days encouraging us to scout for upside bets in this sector. Out of the four times when %return during the previous 15 days of earnings were negative, three times Infosys saw an average 15% move in the next 30 days. In an interview with ETMarkets, James said: “Out of the 4 times when Nifty IT index entered the earning season on a low base with negative returns in the 15 days prior to the earnings month, an average of 5.4% return was registered in the next 30 days encouraging us to scout for upside bets in this sector,” Edited excerpts: