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Q4 IT services revenue was $2.15 bn, a rise of 3.9% sequentially
Ahead of the results, the shares of the firm ended 2.95 per cent higher at Rs 431 on the BSE.
Despite the miss on sequential revenue growth, analysts remain bullish on Infosys as they believe underlying metrics should continue to aid the company's growth leadership in FY22
Motilal Oswal Securities expects Infosys to be a key beneficiary of a recovery in IT spends in FY22E
FY22 revenue growth forecast at 12-14%
Demand remained strong in East, North, and Central India, while the West showed signs of revival
Recovery in the African and Latin American markets should help exporters post better growth than the domestic market
Exports of short-cycle products are expected to improve, aiding revenue mix
On the profitability front, the brokerage pegs operating profit growth at 15 per cent YoY with 12 per cent YoY for private and 19 per cent for PSBs
Exports jumped 126 per cent year-on-year in March to 1.29 MT, compared with a monthly average of 0.65-0.75 MT in recent times
The company board also recommended a final dividend of Rs 15 per share for FY21
Wipro shares, so far for the year, have risen 8.5 per cent as against a gain of 3.7 per cent in the NSE Nifty index during the same duration
The IT services major on Monday posted Q4 numbers largely in line with or above analysts' estimates
The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric
'We are making good progress in gaining share in the growth and transformation opportunity,' says CEO Rajesh Gopinathan
Business Standard brings you top news of the evening
The company also announced a final dividend of Rs 15 per equity share of Re 1 face value
Broader markets, on the other hand, faced an even severe blow with the S&P BSE MidCap and SmallCap indices dropping 5 per cent each
Lenders are expected to show quarter on quarter improvement in loan growth, say analysts.