Infosys, India's second largest software services exporter, is likely to report a 2.5% decline in its June quarter net profit at Rs 3,017 crore on a sequential basis, according to a poll by CNBC-TV18.
The company had reported a net profit of Rs 3,098 crore for the March 2015 quarter.
The poll estimates revenue of the Bengaluru-based company to grow about 5% to Rs 14,097 crore, aided by the two acquisitions, Panaya in February and Skava in June.
The company acquired automation technology firm Panaya for $200 million in an all-cash deal. The acquisition price for e-commerce services firm Skava was $120 million.
In dollar terms, the revenue growth for the June quarter is projected at 3% to $2.22 billion on a sequential basis, compared to $2.15 billion in the March 2015 quarter.
The company's EBIT margin is likely to be affected by due to a wage hike of 2% and 6.5% for onsite and offshore employees, respectively, announced in March this year. The hike was the lowest average increase by the company in five years.
In May this year, Infosys CEO Vishal Sikka had expressed confidence of becoming a $20 billion by 2020, besides meeting the 10-12% revenue guidance for 2015-16.
The Infosys scrip was trading at Rs 998.85, at 3.20 pm on Monday on the BSE, down 0.31% from its Friday close.
The BSE Sensex was trading 0.24% down at 28,394 points at 3.20 pm.
The company is scheduled to declare its June quarter results on 21 July.
