Infosys Q3 profit likely to grow 15-18%, but margin may drop

Infosys Q3 profit likely to grow 15-18%, but margin may drop


Infosys Q3 profit likely to grow 15-18%, but margin may drop
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Analysts said the IT major may raise its annual revenue growth forecast and the management's take on how margins will play out in the context of large deals will be watched closely.
Infosys will report its financial results for the December quarter on Wednesday.
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NEW DELHI: IT major Infosys may report a strong set of numbers for the third quarter of the current financial year, with incremental revenues coming from the Vanguard deal. Margins may take a hit on wage hikes for junior employees during the quarter. Analysts said the IT major may raise its annual revenue growth forecast and the management's take on how margins will play out in the context of large deals will be watched closely.

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