Results for the 4th quarter of 2024: After the announcement of results of Tata Consultancy Services or TCS for the fourth quarter of FY24, the market is eagerly awaiting the results of the other Indian IT company for the recently concluded March 2024 quarter. According to stock market experts, Infosys management may give “modest” forecasts for the financial year 2024-25. They predicted a healthy deal pipeline and growth for the Indian IT company in the fourth quarter of 2024. However, they also argued that better utilization rates and the absence of one-time costs could be offset by salary increases in November 2023. Overall, they predict better utilization rates and the absence of one-time costs. The company’s fourth quarter numbers compared to the quarterly numbers Infosys provided in Q3 FY24.
Speaking on Infosys’ Q4FY24 results, Dhruv Mudaraddi, Research Analyst at StoxBox, said, “We expect Infosys’ revenue growth to be steady at a quarter to quarter due to delays in ramping up large deals, pricing issues and seasonal weakness. is expected to be stable, as well as better utilization rates and the absence of one-time costs will be offset by weak growth and salary hikes in November 2023. Additionally, we expect Infosys to give modest guidance at a figure in the mid-range for FY25 due to a healthy deal pipeline and growth, although experiencing difficulty accelerating as clients remain hesitant. We will monitor management’s outlook for demand in FY25E/26E, pricing trends and cost pass-through, large contract pipeline, customer sentiment and budgets, and growth and revenue forecasts. margin for FY25E. »
Comparing Infosys Q4 2024 results with TCS Q4 numbers, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, said, “Indian IT companies are gearing up to unveil their Q4 results. fourth trimester. Last week, Tata Consultancy Services (TCS) reported a profit that beat Street estimates. TCS recently revealed its financial performance for the fourth quarter of fiscal 2024. As India’s second largest company by market value, TCS recorded a net profit of. ₹“Infosys’ revenue for Q4FY24 is expected to decline by 0.3% sequentially to 61,237 crore for the last quarter of last fiscal,” adding: ₹38,576 crores for the same period.
In terms of net profit margins, TCS is expected to witness a slight increase to 20.3% for the quarter under review from 18.32% in the December 2023 quarter. Conversely, Infosys’ net profit margins are expected to reach 15. 97% for the given quarter, compared to 15.73% in the previous quarter. »
-Infosys stock price target
On the outlook for Infosys shares, Sumeet Bagadia, Executive Director, Choice Broking, said: “The Infosys share price has provided a strong base to ₹1370 each. Thus, those who have Infy shares in their portfolio are advised to hold the script by maintaining a strict stop loss at ₹1370 each. Indian IT major faces resistance ₹14.50 per share. Once this resistance is breached at the close, the Infosys stock price could soon reach ₹1470 to ₹Level of 1,500 per share in the short term.
On how Infosys’ Q4 numbers would compare to Q3 results, StoxBox’s Dhruv Mudaraddi said, “Infosys’ Q4 FY24 revenue will be in line with its Q4 FY24 result. third quarter of FY24, as multi-currency tailwinds in the quarter will be offset by a decline in the third quarter. party software sales. The EBIT margin will, however, increase due to the softer impact of salary increases announced in Q3 FY24 and the absence of a one-off expense. Additionally, the TCV of large deals is expected to be in a similar range, between $2.5 billion and $3.5 billion, as the overall discretionary spending environment and client decision-making has not improved.
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to consult certified experts before making any investment decisions.
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