Infosys, India's second-largest IT software services exporter, will be declaring its December quarter (Q3) results on January 13, 2017. The September-December quarter for IT companies is considered traditionally weak.
The company informed the details of the results announcement, trading window closure and investor call in a regulatory filing on Thursday. The share price of Infosys closed at Rs 993 on the Bombay Stock Exchange (BSE), down 0.31 percent from its previous close. The 52-week low is Rs 900.
TCS and Wipro share prices closed at Rs 2,259 (up 2.34 percent) and Rs 466 (0.33 percent), respectively.
The BSE Sensex closed 83 points lower at 26,519 while the NSE Nifty ended at 8,153, down 29 points. Top Sensex gainers were TCS and Axis Bank.
Bengaluru-based Infosys had reported 6.6 percent YoY growth in consolidated net profit to Rs 3,465 crore for the third quarter last financial year, while revenues rose 15.2 percent YoY to Rs 15,902 crore. On a sequential basis, net profit grew 1.9 percent and revenues 1.7 percent.
In dollar terms, revenues stood at $2,407 million in constant currency terms while net profit was $524 million. A buoyant management had raised FY2016 revenue guidance to 12.8-13.2 percent in constant currency terms.
However, the current financial year has been downbeat for the company, with revenue guidance being slashed twice -- first after the June quarter, to 10.5-12 percent, and later, to 8-9 percent after the announcement of September (Q2) quarter results.
"While we continue to navigate an uncertain external environment, we remain focused on executing our strategy and increasing momentum of our software plus services model. Considering our performance in the first half of the year and the near-term uncertain business outlook, we are revising our revenue guidance," Vishal Sikka, CEO of Infosys, had said in a statement.
In Q2, 2016-17, revenues rose 10.7 percent YoY to Rs. 17,310 crore from Rs. 15,635 crore while volume growth stood at 4 percent. In dollar terms, revenues grew 8.2 percent to $2,587 million and net profit stood at $539 million.
Last month, the company had announced investment plans as part of its efforts to drive innovation. "Infosys has signed a definitive agreement to invest of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund," it had said in a regulatory filing.
