Information technology giant Infosys will be in focus today ahead of its Q1FY21 earnings announcement, which will be made later in the day. The numbers are expected to be weak but better than what Tata Consultancy Services (TCS) had reported.
The crucial thing to watch out for will be the outlook going forward and if the company talks about growth from the September quarter. So, the quarter-on-quarter (QoQ) pace of recovery will be critical.
Dollar revenue is expected to decline 5 percent on a QoQ basis, margins will be lower by 40-50 basis points (bps). The company’s deal wins have been very strong.
CNBC-TV18’s Reema Tendulkar lists out the key expectations