Infosys reported disappointing nos. for Q4.
- Revenue in US$ declined QoQ by 2.3% and this is not a good sign. Previous time this occurred was in Jun-20 and Mar-20 quarters, which we're pandemic quarters.
Prior to that QoQ revenue fall occurred way back in Mar-15.
- Profitability was also impacted, with PAT in INR falling QoQ by 2.8%.
- TCS has fared better with QoQ US$ revenue growth of 1.7% and INR PAT rise of 5% QoQ.
- Infosys and other IT stocks will come under pressure on Monday April 17 2023 and following days.
They already fell on last Thu after TCS results.
No comments:
Post a Comment