Infosys to announce Q1 earnings results for FY24 tomorrow. Where to track, what to expect?

At 3:45pm on July 20, the Bengaluru-based software giant will reveal its earnings for the aforementioned period.

Published on: Jul 19, 2023, 11:58:54 IST

By HT News Desk, New Delhi

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On Thursday, Infosys will announce its earnings results for the first quarter (Q1) ended June 30 for the financial year (FY) 2023-24. The earnings declaration will be followed by a press conference and an earnings call.

Time

The result announcement will be made at around 3:45pm, according to a company release. The press conference is scheduled for 4:30pm, and the earnings call, 6pm.

Where to track?

The Bengaluru-based software giant will issue a press statement (newsroom link here) detailing the results, while the figures will be available here as well. Information can be accessed from its Twitter handle too.

Expectations

A CNBC TV18 poll expects Infosys' revenue to be at 4591.5 (in million dollars) and 37,716 (crore; in Rs), an increase of 0.8% and 0.7% respectively from the previous March quarter. Also, the company is expected to make a net profit of ₹6193.5 crore, 1.1% higher than that from the preceding quarter.

What were the results for Q1FY23?

Meanwhile, in the first quarter of the previous financial year (FY 2022-23), Infosys made a consolidated net profit of ₹ ₹5360 crore, up 3.2% from ₹5195 crore from the year-ago period. Consolidated revenue, on the other hand, grew 23.6% to ₹34,470 crore from ₹27,896 crore.

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HT News Desk
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