TCS surprised the Street by reporting better-than-expected numbers in the first quarter of financial year 2018-19 (Q1FY19), while showing a double-digit rise in dollar revenue for the second quarter. Will Infosys follow suit? The IT major is scheduled to announce its results for the June quarter post market hours today.
In the previous quarter, the Bengaluru-based company had lowered its EBIT margin guidance for FY19 to 22-24 per cent from 23-25 per cent in the previous financial year. It had reported a 28.2 per cent drop in sequential net profit at Rs 3,690 crore for the March quarter.
On a