Home Blogs Infosys Q4 Results Disappoint But CEO Remains Hopeful for Future Growth

smallcase Stories

Infosys Q4 Results Disappoint But CEO Remains Hopeful for Future Growth

Reading Time: 1 minutes

Infosys, one of India’s largest IT services companies, has been hit by a major setback in the wake of its Q4 results. The company’s shares tumbled over 10% in early trading on Wednesday, following a lower-than-expected profit announcement. Infosys announced a profit of Rs 5,078 crore for Q4, compared to Rs 5,197 crore in the previous quarter, which has caused concern among investors and industry experts.

The poor performance of Infosys has also had a knock-on effect on other IT stocks, with many other companies in the sector experiencing a decline in their share prices. This includes industry giants like Tata Consultancy Services (TCS), Wipro, HCL Technologies, and Tech Mahindra, among others. This has led to a general decline in the Indian stock market, with the Nifty IT index falling by nearly 6%.

The reasons for Infosys’ disappointing results are varied, but industry experts point to factors like lower margins, higher attrition rates, and increased competition as contributing factors. However, despite these challenges, Infosys CEO Salil Parekh remains optimistic about the company’s future growth prospects.

“While the softness in earnings may continue for a few quarters, growth is expected to return as the US economy remains robust post-Covid, and clients sign up for big contracts to further reduce costs. However, the slowdown in the BFSI segment, which is high on the digital maturity curve, may mute growth for IT over the next three to four quarters.” says Sonam Srivastava, Founder of Wright Research.

Overall, the drop in Infosys’ share price is a significant setback for the company and the IT industry as a whole. However, it’s important to remember that the IT industry has been a key driver of growth in the Indian economy, and has contributed significantly to job creation and technological innovation. While the current situation is challenging, it also presents an opportunity for investors to reassess the market and make informed decisions. We’ll continue to monitor the situation and bring you the latest updates as they develop.

Check out Wright Innovation smallcase here

Explore Now

Abel Mathew

Marketing Enthusiast | Product Marketing at smallcase | Cinephile ----The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Smallcase Technologies Private Limited does not uphold nor promote any of the views / opinions.

Infosys Q4 Results Disappoint But CEO Remains Hopeful for Future Growth

Apparel Brand Proves Profitable: A Wise Investment Opportunity?

Cancel reply

Dislaimer: This platform is intended for informational purposes only and is not intended to provide investment advice. The stock prices displayed are delayed and may not reflect the most current market conditions. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. You can also consider consulting a financial advisor before making any investment decisions. Smallcase Technologies Private Limited shall not be responsible for any losses that may occur as a result of using this platform.

The views expressed in this article are those of the author and do not necessarily reflect the views of Smallcase Technologies Private Limited (STPL) or any of its associates. The information provided in this article is for educational and informational purposes only. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on here is one amongst many other things that should be considered while making an investment decision. Past performance does not guarantee future returns.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or scurities quoted (if any) are for illustration only and are not recommendatory.

The content and data available on the website, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market risk. Data used for calculation of live returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the Company. Detailed return calculation methodology is available here. Detailed volatility calculation methodology is available here.

The user agrees to assume complete and full responsibility for the outcomes of all of his/her investment decisions that he/she makes, including any direct, indirect, incidental, consequential, special, punitive or any other losses/damages if any that may be incurred by him/her. Smallcase Technologies shall not be responsible or liable for any direct, indirect, incidental, consequential, special, punitive or any other losses/damages arising out of the recipient's investments. For disclosures related to Smallcase Technologies Pvt Ltd, please visit this page .