Infosys Q4 – IT company will release its financial results on this day in 2023

Infosys Q4 results date: Next week, the second-largest IT company in India, Infosys (INFY), will announce its financial results. To find out when the business will officially release its earnings for the three months ended March 2023, continue reading.

The second-largest IT company in India, Infosys (INFY), will release its quarterly financial results the following week. The financial results for the final quarter of the fiscal year that ended in March 2023 will be revealed in the upcoming corporate earnings report for this company.  

The Bengaluru-based Infosys reported its Q4 results at a time when the Indian IT industry is experiencing sticky levels of attrition and IT companies are finding it difficult to protect their margins due to higher employee costs. 

According to a regulatory filing made last month, the major IT company is scheduled to release its financial results for the most recent quarter on April 13. 

The Infosys board will convene on this day to discuss and approve the company’s financial results for the previous three months. 

On April 13, Infosys will also hold a conference call with analysts to go over the Q4 and full-year results as well as its business outlook. 

The company’s board will meet on April 12 and April 13 to “recommend a final dividend for the financial year ending March 31, 2023,” according to the regulatory filing, dated March 14. 

For the quarter ending December 2022, Infosys reported a 9.4% sequential increase in net profit to Rs 6,586 crore, in line with analysts’ expectations.  The management of the company increased its attrition forecast and reported an improvement therein. In comparison to the prior quarter, its revenue increased by 4.9% to Rs 38,318 crore, according to a regulatory filing. 

A net profit of Rs 6,580 crore and revenue of Rs 37,920 crore were predicted by Zee Business research for the quarter ending in December, respectively, for Infosys. 

Infosys increased its forecast for revenue growth for the year ending March 2023 from 15 to 16 percent to 16 to 16 percent. 

In comparison to the Nifty headline index, which fell by 6.1% as of March 29, Infosys shares had lost 8.9% of their value.

Follow and Connect with us: Twitter, Facebook, Linkedin, Instagram