Infosys, one of the India's leading software exporters, will be announcing its third quarter financial results today, Jan. 9, 2015.
 
Angel Broking expects the company to post 0.8% sequential growth in USD revenues to USD 2,218 million, mainly impacted by the cross-currency movement. In rupee terms, revenues are expected to come in at Rs 137.46 billion, up 3% qoq. EBITDA margin is expected to remain flat at 28.4%, while EBIT is expected to come at 26.3% an expansion of 15bps. Consequently, PAT is expected to be at Rs 31.82 billion, a growth of 2.8% qoq.

''Key points to watch out for are, any revision in the USD revenue growth guidance for FY2015 which has been set at 7-9%, client budget outlook, outlook on the industry and growth versus margin tradeoffs. We maintain our buy rating on the stock with a target price of Rs 2,417,'' it added.

Shares of the company gained Rs 7.35, or 0.37%, to trade at Rs 1,981.90. The total volume of shares traded was 83,552 at the BSE (11.01 a.m., Friday).