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Infosys, the country’s second largest software services exporter, is expected to show subdued bottomline growth for January-March quarter but the key factor to watch out for would be its guidance for FY18 and whether the company will meet its FY17 dollar revenue guidance or not.
Profit during the quarter is likely to decline 3.7 percent to Rs 3,570 crore and revenue may fall 0.2 percent to Rs 17,235 crore compared with previous quarter, according to average of estimates of analysts polled by CNBC-TV18.
However, dollar revenue may see some pick up against 1.4 percent degrowth in previous quarter due to RBS deal cancellation and weakness in top clients. It may increase 1.3 percent sequentially to USD 2,584 million as analysts expect some forex tailwind of around 30 basis points from cross currencies.
Implied Q4 dollar revenue guidance range is -0.2-1.3 percent and 0.3-1.8 percent in constant currency. Analysts say revenue recognition from GST is the wild card for further growth.
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Posted in: Indian Market Tips
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