Things To Look Out For In Today's Infosys Q4FY23 Results

After yesterday's TCS Q4FY 23 Results, which posted a growth of 14.8% year over year (YoY) which was below the guidance given, today technology, heavyweight giant Infosys will be posting its results. The results will be posted after the market hours around 4 pm, followed by a dividend announcement and earnings call.

Yesterday, after US inflation number and India's retail inflation number there even Nasdaq ended low putting pressure on IT stocks across Asian and Indian indices in toda's early morning trade sessions, which is now bracing itself for the Bengaluru based, Infosys quarterly numbers, which will post numbers in revenue growth and constant currency terms.

Here are few things to look out for

1.Attrition
Attrition would be one of the key figures, as several companies including Infosys major had done a mass lay-offs of over 600 employees in February. Last quarter it had posted an attrition rate of 24% for the quarter ending in December 2021.

2. Revenue growth
According to a poll of brokerages, quarterly growth for revenue and profit after tax is expected to come in at 1.4 percent and 0.6 percent. Last quarter it had posted a revenue growth of 2.3% and profit after tax of 3.3% over previous quarter. As the demand environment has been hit due to banking crisis, and major part of revenue is from banking sector.

3. Guidance from company management
Considering the recent demand environment and mass layoff for the cost pressures in the IT space, its sets the tone for current fiscal.

The stock price of Infosys is down by nearly 3% at Rs 1391 per share, over previous closing. In last one year it has fallen by 14.21% and over last three years it has surged massively by 118.33%.