{"id":41472,"date":"2019-10-09T09:26:02","date_gmt":"2019-10-09T13:26:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=41472"},"modified":"2021-06-04T10:13:41","modified_gmt":"2021-06-04T14:13:41","slug":"wall-street-expects-9-growth-in-infosys-q2-revenue","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/wall-street-expects-9-growth-in-infosys-q2-revenue\/","title":{"rendered":"Wall Street expects 9% growth in Infosys Q2 revenue"},"content":{"rendered":"\n<p>Information technology firm Infosys Limited (<a rel=\"noreferrer noopener\" href=\"https:\/\/alphastreet.com\/symbol\/infy\/earnings-calls\" target=\"_blank\">NYSE: INFY<\/a>) is slated to report second-quarter 2020 earnings results on Friday, October 11, before the opening bell. Despite the concerns relating to the slowing economy in different parts of the world, Wall Street expects the company to report a 9% jump in revenues to $3.19 billion during the quarter. <\/p>\n\n\n\n<p>The Bengaluru-headquartered firm is projected to report second-quarter earnings of $0.14 per share, a cent higher than what it reported last year. <\/p>\n\n\n\n<p>Analysts have hit bulls-eye in predicting the bottom-line results of Infosys in three of the past four quarters. In just one quarter, Infosys missed the average market estimate by a cent. &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2019\/07\/Infosys-Q1-2020-Earnings-Infographic-608x1024.jpg\" alt=\"Infosys Q1 profit rises 2%\" class=\"wp-image-33841\"\/><\/figure>\n\n\n\n<p>Stagnation in economic growth in China and Europe, as well as the lack of clarity relating to Brexit are expected to dent the second-quarter results. In fact, Infosys recently acquired Irish contact center Eishtec for an undisclosed amount, in a move that could be seen as setting up of an operating hub outside UK. <\/p>\n\n\n\n<p>Infosys had also earlier this year bought a 75% stake in ABN AMRO unit Stater to add fillip to its US mortgage business. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><a href=\"https:\/\/44.250.171.167\/nyu-prof-who-predicted-amazon-whole-foods-deal-forecasts-death-of-tesla-4-others\/\">READ: NYU professor who predicted Amazon-Whole Foods deal forecasts death of Tesla, 4 others<\/a><\/strong><\/p><\/blockquote>\n\n\n\n<p>During the <a href=\"https:\/\/44.250.171.167\/infosys-infy-stock-q1-2020-earnings\/\">first quarter of 2020<\/a>, Infosys reported a 2% increase in earnings helped by higher revenues as well as lower income tax expenses. The company also lifted revenue growth outlook for fiscal 2020 that is above the Street view. <\/p>\n\n\n\n<p>Segment growth was robust with all large regions and most verticals growing at double digits year-over-year in constant currency.<\/p>\n\n\n\n<p>INFY stock has gained 18% in the year-to-date period. The stock has a 12-month average price target of $12.75, which is at a 14% upside from Wednesday\u2019s trading price. <\/p>\n\n\n\n<p class=\"has-text-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/alphastreet.com\/earnings\/earnings-calls?utm_source=asnewsarticle&amp;utm_medium=text&amp;utm_campaign=as_cc\"><strong>Listen to on-demand\nearnings calls and hear how management responds to analysts\u2019 questions<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information technology firm Infosys Limited (NYSE: INFY) is slated to report second-quarter 2020 earnings results on Friday, October 11, before the opening bell. Despite the concerns relating to the slowing economy in different parts of the world, Wall Street expects the company to report a 9% jump in revenues to $3.19 billion during the quarter. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,8],"tags":[],"class_list":["post-41472","post","type-post","status-publish","format-standard","hentry","category-earnings","category-technology-stocks"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":65860,"url":"https:\/\/alphastreet.com\/india\/key-highlights-from-infosys-infy-q1-2021-earnings-results\/","url_meta":{"origin":41472,"position":0},"title":"Key highlights from Infosys (INFY) Q1 2021 earnings results","author":"Staff Correspondent","date":"July 15, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported earnings results for the first quarter of 2021 today. Revenues declined 0.3% to $3.12 billion. Net profit after minority interest was $558 million while diluted EPS was $0.13. The company expects revenue growth in the range of 0-2% in constant currency for fiscal year 2021 while\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Infosys reports Q1 2021 earnings results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":41574,"url":"https:\/\/alphastreet.com\/india\/infosys-strong-topline-performance-in-q2-2020\/","url_meta":{"origin":41472,"position":1},"title":"Infosys raises FY20 revenue growth outlook post strong topline performance in Q2","author":"Toby","date":"October 11, 2019","format":false,"excerpt":"Information technology firm Infosys Limited (NYSE: INFY) said its revenues for the second quarter of 2020 jumped 10% to $3.2 billion, which was higher than the average analysts\u2019 expectation of $3.19 billion. INFY shares were modestly up during pre-market trading hours on Friday. The top-line was boosted by Digital revenues\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"infosys q2 2020 earnings","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/10\/infosys-earnings-Q2-2020.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/10\/infosys-earnings-Q2-2020.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/10\/infosys-earnings-Q2-2020.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/10\/infosys-earnings-Q2-2020.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/10\/infosys-earnings-Q2-2020.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":74713,"url":"https:\/\/alphastreet.com\/india\/infosys-infy-q2-earnings-key-financials-and-quarterly-highlights\/","url_meta":{"origin":41472,"position":2},"title":"Infosys (INFY) Q2 Earnings: Key financials and quarterly highlights","author":"Staff Correspondent","date":"October 14, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported second quarter 2021 earnings results today. Revenues rose 3.2% year-over-year to $3.31 billion. Net profit amounted to $653 million, or $0.15 per share, compared to $569 million, or $0.13 per share, last year. The company expects revenues to grow 2-3% in constant currency for FY2021. The\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Infosys reports Q2 2021 earnings results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/10\/Infosys-Limited-Q2-2021-Earnings-Results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/10\/Infosys-Limited-Q2-2021-Earnings-Results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/10\/Infosys-Limited-Q2-2021-Earnings-Results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/10\/Infosys-Limited-Q2-2021-Earnings-Results.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/10\/Infosys-Limited-Q2-2021-Earnings-Results.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":88645,"url":"https:\/\/alphastreet.com\/india\/infosys-infy-q3-earnings-key-numbers-and-performance\/","url_meta":{"origin":41472,"position":3},"title":"Infosys (INFY) Q3 Earnings: Key numbers and performance","author":"Shreya","date":"January 13, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) reported third-quarter 2021 earnings results Wednesday. Revenue increased to $3.5 billion from $3.2 billion last year. Analysts had expected revenue of $3.38 billion. The net profit rose to $705 million from $626 million, while earnings per share increased from $0.15 to $0.17, compared to analysts' estimate\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":47378,"url":"https:\/\/alphastreet.com\/india\/infosys-reports-8-6-revenue-growth-for-q3\/","url_meta":{"origin":41472,"position":4},"title":"Infosys beats Q3 earnings estimates; revenue comes in line","author":"Staff Correspondent","date":"January 10, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported better-than-expected earnings for the third quarter of 2020 while revenue matched forecasts. Shares were up 6.5% in premarket hours on Friday. Total revenues increased 8.6% year-over-year to $3.24 billion, coming in line with estimates. Revenues increased 9.5% in constant currency. Net income was $627 million, or\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Earnings Update by AlphaStreet","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":131607,"url":"https:\/\/alphastreet.com\/india\/infographic-with-addition-of-106-clients-the-net-profit-of-infosys-soars-by-3\/","url_meta":{"origin":41472,"position":5},"title":"Infographic: With addition of 106 clients, the net profit of Infosys soars by 3%","author":"Chirag Gupta","date":"July 25, 2022","format":false,"excerpt":"reported a consolidated revenue of Rs 34,470 crore in Q1, which was higher than the analyst estimate of Rs 34,150 crore. On a YoY basis, the revenue jumped 23.6 per cent. Just like its peers in the industry, attrition remains a headache for Infosys as the attrition rate jumped to\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/41472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=41472"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/41472\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=41472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=41472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=41472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}