Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

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Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results - Business Standard

Quick Summary:

We tweak our earnings by -3 per cent to +5 per cent for FY25-26F for coverage universe,” Abhishek Bhandari and Krish Beriwal, research analysts at Nomura said in a note.

Earnings before interest, taxes (Ebit) margins for Infosys, they believe, are projected to expand by 80 bp Q-o-Q, primarily due to the non-recurrence of the 100 bp impact from the BFSI client contract restructuring and the absence of visa costs, providing further support.

Infosys is likely to maintain its FY25F revenue growth guidance of 1-3 per cent in cc, Nomura said.