Infosys Q2 Results Today: How Are Infosys Shares Performing Ahead Of Q2 Earnings

Infosys is all set to release its earnings for the quarter ended September on Thursday and no major fireworks are expected from the company's Q2 results. Apart from net profit, and revenue numbers, investors will be closely looking at the software major's assessment of the current global environment and guidance for the rest of the year.

In the June quarter, the IT company shocked market experts and analysts when it sharply cut its earnings forecast for FY24. Ahead of the results, Infosys shares were spotted trading 0.45% lower at Rs 1486.95 per share at 12:40 pm IST.

Dalal Street expects Infosys to post better revenue growth in the latter part of the 2023-24 fiscal in view of the large deals announced by the company during the quarter.

According to the average of estimates given by nine brokerage firms, Infosys is expected to report a 1.4% sequential growth in consolidated revenue in the September quarter to Rs 38,472.4 crore, however, on a year-on-year (YoY) basis, this figure is expected to rise 5.3%.

Infosys' peer TCS announced its Q2 results on Wednesday. in its consolidated financial results for the quarter ending September 30, 2023, Tata Consultancy Services reported revenue growth of 7.9% year-on-year (YoY) at Rs 59,692 crore. TCS shares were down 1.58% at Rs 3553.20 per share at 1:00 pm IST today.

Infosys shares have gained just 4.10% in the last one year, while the stock's year-to-date (YTD) performance is down 2.41%.