Infosys stock jumps 1% ahead of June 2021 quarterly result - Indiainfoline

Infosys stock will be in focus on Wednesday ahead of its June 2021 quarterly result scheduled for later today. On Sensex, in the early deals, Infosys stock has climbed by at least 1.2% with an intraday high of Rs1563.20 per piece. The stock was near the 52-week high of Rs1,590.85 per piece.

At around 10.53 AM, Infosys was trading at Rs1559.25 per piece up by Rs14.35 or 0.9% on Sensex.

Infosys constant currency revenue, deal pipeline, verticals performance, management commentary and FY22 revenue growth guidance among others will be key things to watch out for in the Q1FY22 result.

During March 2021 quarter, Infosys recorded a 17.1% yoy rise in net profit to Rs5,078cr in Q4FY21 compared to a profit of Rs4,335cr in the corresponding period of the previous year. Consolidated revenue from operations was at Rs26,311cr in Q4FY21 increasing against Rs23,267cr a year same period and Rs25,927cr of the previous quarter.

Notably, Infosys had stated that it delivered strong FY21 performance with 5.0% CC growth, and growth accelerating to 9.6% in Q4 – in the face of a turbulent economic environment.

In the Q4, Infosys has provided revenue growth guidance of 12%-14% in constant currency for FY22. While the operating margin guidance is set 22%-24%.

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Infosys stock jumps 1% ahead of June 2021 quarterly result - Indiainfoline
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