Infosys Q3 results: Volume growth provides stability to performance

The company delivered better than expected on volume growth front, which stood at 1.6% QoQ, and consequently aided the EBIT and PAT coming in higher than expected

The third quarter results of FY18 results for all IT companies will be driven by seasonality and hence will be muted as compared to the results posted in H1FY2018. We expect the top-tier companies to grow 0.9-2.5 per cent QoQ, during the quarter. Infosys was not expected to deliver any extraordinary results for the quarter, especially when the company had already downgraded its full-year guidance to 5.5-6.5 per cent yoy CC growth, which implies an ask rate of 0.4-1.6 per cent CC QoQ growth for H2FY2018.

For the quarter, we went with the expectations that the company will post one