Infosys Q2FY22 Earnings Results on Wednesday; brokerages see revenue outperformance over large cap IT peers - 6 things to watch out for
Q2FY22 Revenues: At USD 3,927 mn, the net sales is expected to be 5 per cent up on the QoQ basis while 19.9 per cent on the Year-on-Year (YoY) basis. In INR terms, net sales is estimated at Rs 293.94 bn which is 5.4 per cent higher on the QoQ basis while 19.6 per cent on the YOY basis
Infosys is expected to lead the revenue outperformance for Q2FY22 among its large cap IT peers, according to estimates by brokerage firm HDFC Securities. The Bengaluru-based IT services company will likely post a 5 per cent Quarter-on-Quarter (QoQ) USD revenue growth on the back of its deal with Daimler AG, as per the estimates from it.
Meanwhile, PhilipCapital expects a 5.1 per cent on-quarter growth in its USD revenue with negative cross currency impact of 70 bps (CC +5.8 per cent).
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Also Read: TCS Q2FY22 Results: Brokerages revise ratings; check what they think of IT giant's post Q2 earnings; shares down by 5%Shares of Infosys ended at Rs 1688 on the NSE, down 0.17 per cent from the Monday closing price.
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