Infosys Q3 News

While announcing its Q3 results, the company has revised the full-year constant currency revenue growth guidance upwards to 10%-10.5%, from 9%-10% earlierInfosys said on Friday that its audit committee found no evidence of financial impropriety or executive misconduct

Infosys had on Friday reported a 30% drop in its December quarter profit on higher expenses even as it approved a 8,260-crore share buybackthe second in less than 13 months' time

Infosys trades at a sizeable valuation discount vis--vis bigger rival TCS, and the large share buyback should also help support the former's stock

With Tata Consultancy Services's Q3 operating income of $1.35 billion is almost double that of Infosys, TCS can use other tactics in its arsenal to stave off the debilitating effects of a price war

Market participants, on Monday, may react to Infosys' December quarter earnings wherein the IT firm Friday reported a drop in its third quarter net profit, they said

The m-cap of ITC soared ₹17,941.73 crore to ₹3,61,773.90 crore and that of Infosys jumped ₹10,026.05 crore to ₹2,98,684.46 crore

The company won $1.57 billion of large deals in the December quarter, the second consecutive three-month period of such wins after netting over $2 billion of orders during July-September

Infosys' net profit declined 29.6% year on year to ₹3,610 crore for Q3The company raised its full-year revenue outlook to 8.5-9%

Five things to watch out for in Infosys' December quarter earnings announcement on Friday

As the quarterly results season begin, we take a look at key issues facing some key sectors like automobiles, IT, NBFC, cement, consumer goods, metal and telecom.