Infosys Q2 Preview: Co to lead Tier-I IT pack; profits may grow over 9% YoY

Quick Summary:

According to brokerages tracked by Business Standard, Infosys will likely register an average net profit Rs 6,791crore in Q2FY25, a rise of 9.2 per cent year-on-year (Y-o-Y) against Rs 6,215 crore in Q2FY24.

Operating margins are forecasted to dip by 80 basis points to 20.3 per cent, due to the reversal of one-time benefits, investments in large deals, and lower utilisation rates.

Financial services are expected to lead growth, while one-off India revenue in the June quarter, contributing 50 basis points, is a headwind.

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Category: BusinessFinance

Markets: India

Topics: IT services Q2 results Infosys q2 results preview Sensex Infosys q2 Q2 results today Infosys Q2 Preview Infosys preview q2 Infosys Stock market Market news Infosys share price today IT sector Infosys q2 results Nifty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 12:27:54 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 822 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23068942

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