Infosys quarterly results 2024 Date, Time: Infosys, one of India’s leading IT services companies, is set to announce its Q2 results on October 17, 2024. Investors, analysts, and market watchers are eagerly anticipating this announcement, as it will provide insights into the company’s performance, strategic direction, and future prospects.
Date of Announcement of Infosys Q2 Results
The Q2 results will be unveiled on October 17, 2024. The announcement typically includes key metrics such as revenue, net profit, and guidance for the upcoming quarters.
When will Infosys announce Q2 results in 2024?
The Q2 Results for Infosys will be announced at around 3 45 PM. The leadership team of Infosys will be part of a press conference at 4:30 PM on October 17. The participating executives will address questions from the media during this interaction, which will be streamed live on the Investor Relations section of Infosys website, following which it will be archived here – https://www.infosys.com/investors/reports-filings/quarterly-results/2024-2025/q2.html
The archive will be available after 6:30 PM on October 17.
Earnings call
The company will conduct a 60-minute conference call on October 17, 2024, at 6:00 PM, which will be open to investors/analysts in all regions, where the senior management will discuss company’s performance and answer questions from participants.
To participate in the conference call, one can dial these numbers — +91 22 6280 1168, +91 22 7115 8069 — about 10 – 15 minutes before the scheduled start time of the call. During this time, the operator will provide instructions on how to ask questions. As participation in the call is limited, early registration is encouraged.
This event will be webcast live on the Investor Relations section of Infosys website. A transcript of the conference call will also be available later.
How to watch Infosys Q2 2024 earnings announcement live
One can watch Infosys’ Q2 results announcement through the various channels. Infosys will host a live webcast of its earnings call on its investor relations page. This is the most direct way to access the results and listen to management commentary. Major financial news outlets, including Financialexpress.com, will cover the earnings announcements and provide live updates and analysis.
You may also follow Infosys on their official social media channels, such as Twitter or LinkedIn, for real-time updates and links to the webcast.
Infosys performance in last quarter
Infosys reported a consolidated net profit of Rs 6,374 crore for Q1 FY25, up from Rs 5,945 crore in the same period fiscal. The tech giant’s revenue from operations increased by 3.6% year-on-year, reaching Rs 39,315 crore for the quarter ending June 30, 2024, compared to Rs 37,933 crore in Q1 of FY24. Additionally, the company’s operating margin expanded by 0.3% year-on-year to 21.1% in Q1 of FY25.
Infosys Q2 Expectations
JM Financial expects 10bps QoQ cross-currency tailwind. “We estimate USD 46mn (1% of consol. growth) contribution from tech acquisition,” it said.
It added that large deal ramp up and hiring in 2Q should be margin headwinds. However, sub-con optimization and positive impact of value based selling should be able to negate the headwinds, they said. Infosys is expected to revise its guidance to 4%-5% YoY cc, 0% to 1% for 3Q and 4QFY25, as per JM Financial analysts.
Another report by Emkay Global stated, “We expect 3% QoQ USD revenue growth in Q2 after factoring in 50bps cross currency tailwinds. In-tech acquisition is likely to add ~1% QoQ revenue growth. EBIT margin is expected to expand by 40bps sequentially on the back of operating efficiencies, partly negated by absence of one-off realisation benefits in the India business.”
Key monitorables: i) FY25 guidance – we expect the company to revise revenue growth guidance upwards to 3.5-4.5% CC YoY, while retaining 20-22% EBITM; ii) large deals intake with share in net-new deal intake and planned ramp up schedule; iii) update on discretionary spending; iv) demand environment across geographies; v) Management commentary on: 1) furlough expectations in Q3 and any signs of optimism in client conversations post the recent interest-rate cut in the US, 2) demand environment in BFSI, Hitech, Manufacturing, Retail, and Communications, 3) pricing environment, 4) deals pipeline, pace of decision-making and deal closure momentum, 5) hiring plan.