Will Infosys Q1 results beat TCS' numbers? Here's what analysts say

Infosys' Q1FY20 results come at a time when Gartner, the US-based global research and advisory firm, has lowered its projection of worldwide IT spending growth in 2019 to $3.74 trillion.

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Market news: After Tata Consultancy Services (TCS) missed Street estimates on revenue and margin front, all eyes are now on Infosys that is slated to release its June 2019 quarter (April-June) results of the financial year 2019-20 (Q1FY20) on Friday.

In line with TCS, Infosys, too, is likely to take a hit on EBIT (earnings before interest and tax) margin, owing to wage hikes, rupee appreciation and the ongoing investments, analysts say.

Update on FY20E revenue guidance and margin trajectory, deal pipeline and demand commentary on operating verticals such as banking, financial services and insurance...read more

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