Infosys Q2FY22 Earnings Results – Street expects a 4.9% jump in Dollar revenues; wage hikes, supply side issues to hit margins

All eyes are set on Infosys Limited’s July-September quarter results that will be announced on Wednesday. While, the results are expected to be declared post-market hours, the street is hoping for a stable Q2FY22 earnings. Zee Business brings this report on what the results could be like! 

Senior Research Analyst Kushal Gupta said that the company will likely post a better revenue in constant currency terms on the back of deal outlook. 

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The deal outlook looks strong, Gupta said. The ramping-up in deals is expected to give a lot of positivity to the company, he added.  

This will have an impact in its USD revenues.  

The street is expecting a 4.9 per cent jump in its Dollar revenues at USD 396.6 cr in the reporting quarter. 

The company has undertaken wage hikes and that coupled with certain supply side issues is expected to hit its margins. It is expected to come down from 23.7 percent to 22.1 per cent – a 1.5 per cent margin impact on the quarter-on-quarter basis. 

The profits are also expected to go up by 2.5 per cent to Rs 5,325 cr. 

He said that it will be interesting to see if the management gives an upward guidance during the announcement of its results. It is given after every 3 months or a quarter.  

On 8 October, Tata Consultancy Services (TCS) had announced its Q2FY22 results that were below street’s estimates. 

It will be interesting to see if Infosys beats expectations or toes a similar line as its largest peer TCS did. 

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Q2 में कैसे रहेंगे #Infosys के नतीजे
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जानिए पूरी डिटेल्स कुशल गुप्ता से... @AnilSinghvi_ | @KushalGupta44 | #ResultSeason | #StockInNews pic.twitter.com/eAacVlIaKU

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Shares of Infosys today ended at Rs 1688, down by almost 2.9 per cent or 0.17 per cent.