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For the fourth quarter, analysts expect the IT behemoth to report a growth of 1-2 per cent in revenue sequentially in constant currency terms and 2-2.5 per cent in dollar revenue quarter on quarter. Foreign brokerage Citi expects Infosys to give guidance of 5.5-7.5 per cent revenue growth in constant currency terms and 6.5-8.5 per cent in dollar terms. Anything lower will disappoint the Street, it said in a note.”We expect Infosys to post sequential dollar revenue growth of 2 per cent. This will be the first full quarter for the new CEO and clarity on his strategy will be one of the key monitorables. We expect Infosys to guide to 6.5-8.5 per cent dollar revenue growth for FY19,” IDFC Securities said in a note.
HDFC Securities noted that the IT firm has navigated the turbulent internal phase and a challenging business environment, while maintaining its revenue market share against peers. It believes that Infosys trajectory has bottomed-out and an uptick in the business is imminent.
Shares of Infosys rose by over 1 per cent ahead of its fourth quarter results during the day. The scrip after making a positive opening ended 0.58 per cent higher on BSE. At NSE, shares of the company closed up by 0.46 per cent.
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