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Infosys Q1 PAT seen up 0.3% QoQ to Rs. 5,710 cr: Motilal Oswal

Net Sales are expected to increase by 4.9 percent Q-o-Q (up 21.3 percent Y-o-Y) to Rs. 33,850 crore, according to Motilal Oswal.

July 08, 2022 / 12:43 PM IST
Infosys: Infosys invests $10 million in US-based The House Fund. The company has agreed with The House Fund III, L.P., a Venture Capital (VC) fund based out of the US, for investment of $10 million. The investment is expected to be completed by June 30 this year. This is a minority holding and is not exceeding 20 percent of the fund size. The House Fund is a pre-seed and early-stage VC fund, investing in startups from the UCB's ecosystem focused on AI.

Infosys: Infosys invests $10 million in US-based The House Fund. The company has agreed with The House Fund III, L.P., a Venture Capital (VC) fund based out of the US, for investment of $10 million. The investment is expected to be completed by June 30 this year. This is a minority holding and is not exceeding 20 percent of the fund size. The House Fund is a pre-seed and early-stage VC fund, investing in startups from the UCB's ecosystem focused on AI.

Motilal Oswal has come out with its first quarter (April-June’ 22) earnings estimates for the IT sector. The brokerage house expects Infosys to report net profit at Rs. 5,710 crore up 0.3% quarter-on-quarter (up 9.8% year-on-year).

Net Sales are expected to increase by 4.9 percent Q-o-Q (up 21.3 percent Y-o-Y) to Rs. 33,850 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.2 percent Q-o-Q (up 6.6 percent Y-o-Y) to Rs. 7,040 crore.

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