From Nasdaq: 2024-04-15 10:02:00

Infosys Limited (INFY) is set to announce its fourth-quarter fiscal 2024 results on Apr 18. Over the past four quarters, INFY has met earnings estimates once, surpassed once, and missed twice. Third-quarter revenues were flat at $4.66 billion. Factors impacting results include slowing IT spending and softness in certain business segments.

Key factors affecting Infosys’ fourth-quarter results include delays in IT investments, macroeconomic headwinds, and geopolitical tensions impacting decision-making. Despite challenges, increased spending on digital transformation and cloud migration are expected to boost certain business units. However, rising costs and budget cuts may impact the bottom line for INFY.

Although Infosys has a positive Earnings ESP of +4.85%, it currently holds a Zacks Rank of #4 (Sell). Meanwhile, stocks like Vertiv (VRT), Meta Platforms (META), and Lam Research (LRCX) have a favorable combination of elements to potentially beat earnings estimates in their upcoming releases. Vertiv is set to report first-quarter results on Apr 24 and is expected to see a year-over-year increase in earnings and revenue. Meta Platforms and Lam Research are also anticipated to perform well in their upcoming reports.



Read more at Nasdaq: Infosys (INFY) to Report Q4 Earnings: What’s in the Cards?