{"id":3223,"date":"2020-01-10T18:56:37","date_gmt":"2020-01-10T18:56:37","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/10\/infosys-shares-up-nearly-2-ahead-of-q3-results-what-to-expect\/"},"modified":"2020-01-10T18:56:37","modified_gmt":"2020-01-10T18:56:37","slug":"infosys-shares-up-nearly-2-ahead-of-q3-results-what-to-expect","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/10\/infosys-shares-up-nearly-2-ahead-of-q3-results-what-to-expect\/","title":{"rendered":"Infosys shares up nearly 2% ahead of Q3 results; what to expect"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1816217\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/rupee-2.jpg\" alt=\"Analyst Corner, IT service,\u00a0CTSH, market news,\u00a0HCLT,\u00a0TCS,\u00a0BFSI,\u00a0Retail\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/rupee-2.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1816217\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/rupee-2.jpg\" alt=\"Analyst Corner, IT service,\u00a0CTSH, market news,\u00a0HCLT,\u00a0TCS,\u00a0BFSI,\u00a0Retail\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/rupee-2.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/rupee-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The company management will also hold a press conference at around 4:30 pm. The earnings hold significance as the market is expected to closely analyse any developments around the whistleblower issue.<\/span><\/figure>\n<\/div>\n<p>Shares of <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/infosys-ltd-stock-price\/\" rel=\"noopener noreferrer\">Infosys<\/a> jumped as high as\u00a0 2 per cent in the intraday trade Friday ahead of the December quarter results. The stock hit the day\u2019s high of Rs 741.80 as against the previous close of Rs 727.55. The shares were trading at Rs 741.05, up 13.50 points, or 1.86 per cent on NSE at the time of reporting. The IT major is slated to announce its Q3 results at 3.45 pm later today. The company management will also hold a press conference at around 4:30 pm. The earnings hold significance as the market is expected to closely analyse any developments around the whistleblower issue. According to a CNBC TV-18 poll, Infosys may report a profit of Rs 4,200 crore and revenue of Rs 23,190 crore in rupee terms. The company may post a dollar revenue of 3,258 million. EBITDA may be Rs 5,180 crore.<\/p>\n<p>The probe into the whistleblower complaint, BFSI, and progress on initiatives to manage attrition and revenue growth would be the key focus areas for the investors.<\/p>\n<p><b>Also read: <a href=\"https:\/\/www.financialexpress.com\/market\/market-live-sensex-nifty-may-take-cue-from-global-stocks-november-iip-data-due-later-today\/1818695\/\" target=\"_blank\" rel=\"noopener noreferrer\">Market LIVE: Sensex, Nifty may take cue from global stocks; November IIP data due later today<\/a><\/b><\/p>\n<p>Infosys reported 2.2 per cent on-year fall in consolidated net profit to Rs 4,019 crore. The IT major had posted a profit of Rs 4,100 crore in the same period of the corresponding period. In the September quarter, the revenue rose 9.8 per cent to Rs 22,629 crore, against Rs 20,609 crore in the year-ago period.<\/p>\n<p>Meanwhile, equity benchmark <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/bse-sensex\/\" rel=\"noopener noreferrer\">BSE Sensex<\/a> jumped over 200 points in early trade on Friday led by gains in IT and banking stocks amid easing geopolitical tensions. In the previous session, Sensex rallied 634.61 points, or 1.55 per cent, to end at 41,452.35, and Nifty surged 190.55 points, or 1.58 per cent, to 12,215.90.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-63287299\"><div id=\"jobbi-1088391457\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The company management will also hold a press conference at around 4:30 pm. The earnings hold significance as the market is expected to closely analyse any developments around the whistleblower issue. Shares of Infosys jumped as high as\u00a0 2 per cent in the intraday trade Friday ahead of the December quarter results. The stock [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3223"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3224"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}