Infosys Q4 earnings lower-than-estimates. How will stock price react on Monday?
Emkay highlights that Infosys' operating performance misses expectations. While among the positives were --- moderation in LTM attrition by 340 bps QoQ, and steady deal intake.
Infosys' fourth-quarter earnings for FY23 came in more bitter than sweet. Overall, the operating performance of this IT giant was lower than the street's expectations. However, a sharp decline in attrition rate and strong deals intake came as a positive factor. Infosys posted a decline sequentially in both revenue and PAT, while it also carried about 3,611 job cuts in the quarter. Weakness was seen majorly across verticals.
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