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Infosys Q3 Results 2024 - Find Infosys Q3 Earnings Result

INFY Q3 Results: Check out Infosys Q3 Result news, Infosys Q3 Earnings result updates and highlights. | INFY Q3 Results 2024

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Infosys share price: Infosys shares jump 7% on Q3 results. Is the downgrade cycle over?

Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary spending, said Emkay Global.

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q3 results today: TCS, Infosys to announce Q3 results today: What to track, how to trade

TCS and Infosys will release their Q3 earnings today amid expectations of weak numbers. However, bulls believe that this could be the last dull quarter before revenue growth picks up in Q4. Analysts anticipate TCS to deliver 1.5% QoQ cc revenue growth driven by large deal ramp-ups, with margin expansion driven by operational efficiencies. On the other hand, Infosys is expected to see a decline in USD revenue due to seasonal furloughs and the impact of a slowdown in discretionary tech spending.

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Infosys Q3 Results Live Updates: Revenue likely to see a fall; FY24 guidance eyed by investors

Infosys Q3 Results Live Updates: The Bengaluru-based Infosys will release its earnings post market hours on Thursday, 11th January. While December quarter is seasonally weak for the information technology sector, it probably got worse for Infosys, as the IT major is expected to report a drop in numbers across parameters.

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Infosys Q3 Earnings: FY24 Revenue guidance revised to 1.5-2%; PAT down 7% YoY

Infosys Q3 results: The firm posted a consolidated net profit of ₹6,106 crore, down over 7 percent from ₹6,586 crore in the year-ago period. It has revised FY24 revenue guidance to 1.5-2.0 percent as against 1-2.5 percent earlier.

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Infosys tweaks guidance for 3rd time in a row, revenue to grow 1.5-2.0% in FY24

At the beginning of the financial year, Infosys had guided for 4-7% growth in cc revenue for the current financial year. Within three months, this growth outlook saw a sharp cut to 1.0-3.5%, and then to 1.0-2.5% at the end of Q2. The revision in guidance this time was not something that the Street had widely expected.

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Infosys vs TCS Q3 Results: Who scored better on all parameters?

Infosys and Tata Consultancy Services (TCS) kickstarted the earnings season for India Inc today. TCS reported a 2.5% drop in profit and a 4% increase in revenue. On the other hand, Infosys saw a 1.7% decline in profit and a 0.4% decline in revenue. Deal wins slowed down for both companies, with Infosys seeing a larger impact. Revenue from BFSI vertical also dropped for both companies.

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Infosys Q3 results: IT major reports net profit of Rs 6,106 crore, down 7% YoY

India Business News: Infosys Q3 results: IT giant Infosys reported a consolidated net profit of Rs 6,106 crore for the quarter ended December, showing a 7% decrease compar

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Infosys Q3 results: Tech giant sees ADRs jump by 5% despite decline in net profi

Infosys witnesses a 7.3% YoY decline in net profit to ₹6,106 crore in Q3 FY24. Despite the decline, Infosys shares listed on the US stock market rose by 4.9% during opening trade on January 11.

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Infosys Q3 Preview: Revenue may fall on higher furloughs; will FY24 guidance see a cut?

Furloughs is a period when employees go on leave, and this typically occurs during the December quarter, particularly in the western countries.

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