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Infosys shares climbs 1% ahead of Q4 earnings

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Infosys share price: Infosys shares climbs 1% ahead of Q4 earnings - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsDID YOU KNOWUnleash the power of SIP - Invest in Mutual fundsReturns1M 6M 1Y 3Y 14.85% PortfolioLoadingSelect Portfolio and Asset Combination for Display on Market BandShow More Download ET MARKETS APP Get ET Markets in your own languageDOWNLOAD THE APP NOWCHOOSE LANGUAGEENGENG - EnglishHIN - हिन्दीGUJ - ગુજરાતીMAR - मराठीBEN - বাংলা KAN - ಕನ್ನಡORI - ଓଡିଆTEL - తెలుగుTAM - தமிழ்ET NOW RADIOET NOWTIMES NOWKotak Institutional Equities expects the company to give an 8-10 per cent revenue growth guidance in constant currency terms for FY2020.

ETMarkets.com|Apr 12, 2019, 10.12 AM ISTWorld ReviewerICICI Securities believes Infosys’ Q4FY19 revenue growth should be strong at 2.4 per cent quarter-on-quarter (QoQ), enabled inter alia by a full ramp-up of the Verizon deal.

NEW DELHI: Shares of Infosys climbed 1 per cent in morning trade on Friday ahead of its fourth-quarter earnings, scheduled for later today. ICICI Securities believes Infosys’ Q4FY19 revenue growth should be strong at 2.4 per cent quarter-on-quarter (QoQ), enabled inter alia by a full ramp-up of the Verizon deal.

Unlike peers TCS and Wipro, which may see moderation in BFSI revenue growth, Infosys expects growth in this vertical to remain strong in the medium term.

The brokerage expects Infosys to offer constant currency revenue growth guidance for FY20 in the 8-10 per cent range (vs expected revenue growth of 9 per cent in CC terms in FY19).

The recent deal with ABN Amro is expected to enhance growth visibility.

Kotak Institutional Equities expects the company to give an 8-10 per cent revenue growth guidance in constant currency terms for FY2020.

Shares of Infosys traded 1.02 per cent up at Rs 750.75 apiece around 9:40 am on BSE.

Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|1234567891Infosys shares climbs 1% ahead of Q4 earningsSensex, Nifty edge higher ahead of Q4 earnings, macro dataShare market update: Auto shares mixed; Tata Motors down 1%TCI Finance, Swastika Investmart among top losers on BSESpicejet, Vakrangee among top gainers on BSEBuzzing stocks: Suzlon Energy, RIL, TCS, Infosys, Adani PowerSBI Card charts out plans for a card-less world'BUY' or 'SELL' ideas from experts for Friday 12 April 2019Stocks in the news: TCS, Infosys, Jet Airways, GVK Infra and IDBI BankBenefits of fixed maturity plans for investorsMarket Movers: What changed for D-Street while you were sleepingTo see your saved stories, click on link hightlighted in bold




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