0

0

0

0

0

0

0

0

0

This article is more than 3 year old.

Infosys Q4 results today; check out how the stock is performing

Infosys Q4 results today; check out how the stock is performing
The markets seem to be having mixed expectations from the IT firm Infosys as the company will post its Q4 results today.
The stock on its opening showed a gain of more than 6%. As the minutes passed, it corrected itself with a gain of 3% slipping from the 6% peak.
However, the company regained about a percent while approaching the second half of the trading hours.
The IT stocks pulled up the markets on Thursday with Infosys reaching its day's high, by gaining more than 3%.
All the IT stocks outperformed its previous quarter's gains in the NSE 50-share Nifty in the January-March period.
Currently, analysts are expecting the IT company to post decent quarterly earnings. The experts expect the firm to post a growth in dollar revenues accelerating to 9%- 9.5% year-on-year compared with 8% last quarter. The quarter is expected to look better on a year-on-year basis due to cross currency tailwinds.
The analysts pegged the company's financial 2018-2019 growth in constant currency between 6 and 8%. Anything lower than the above-mentioned numbers can disappoint the markets.
 
next story