Infosys to announce Q3FY22 financial performance on January 12

4 Jan 2022 , 11:35 AM

IT-giant Infosys will announce results for the third quarter ended December 31, 2021 on Wednesday, January 12, 2022.

On Tuesday, Infosys stock was under pressure. At around 11.30 am, Infosys was trading at Rs1880.10 per piece down by 0.9% on Sensex.

The stock had touched an intraday high of Rs1900 per piece which was near the 52-week high of Rs1,914 per piece.

Investors cashed in gains in the IT sector broadly today ahead of their Q3 earnings.

Infosys will announce its financial performance for Q3 on January 12, during which the participating executives will address questions from the media during this interaction, which will be streamed live on the Investor Relations section of Infosys website.

Also, the company will conduct a single 60-minute conference call at 6:30 p.m. IST (8:00 a.m. US ET; 5:00 a.m. PST; 1:00 p.m. London time; 9:00 p.m. Singapore/Hong Kong time) on January 12, 2022 (open to investors/analysts in all regions), where the senior management will discuss company’s performance and answer questions from participants.

In September 2021 quarter-ending, Infosys posted a better-than-expected quarter where its bottom-line and top-line front both recorded a double-digit growth on a year-on-year basis. Infosys garnered a net profit of Rs5,421cr in Q2FY22 rising by 11.9% from Rs4,845cr a year ago same period. Infosys registered revenue of Rs29,602cr in the quarter under review, increasing by 20.5% from Rs24,570cr witnessed in the corresponding period of the previous year.

Infosys delivered a strong Q2 performance with YoY growth increasing to 19.4% and sequential growth accelerating to 6.3% in constant currency.

In Q2, the company had increased its revenue growth guidance to 16.5%-17.5%.