According to an average of analyst estimates polled by CNBC-TV18, the country's second largest IT company is likely to deliver 1.07 percent sequential growth in profit at Rs 3,502 crore in the January-March quarter.
Shashi Bhusan, IT Analyst, IDFC Securities, expects the company to issue a revenue guidance of 11-13 percent for FY17.
Expectation from Infosys is reasonable owing to large deal wins over the last nine months, says Sandeep Muthangi, IT Analyst, IIFL-Institutional Equities.
Here's a quick video on Infosys December quarter earnings.
Here's a quick comparison between India's top IT giants.
Based on continuing solid execution, Credit Suisse has upgraded the stock to outperform and increased target price to Rs 1,400 apiece (from Rs 1,175). According to the brokerage, medium-term impact on margins due to aggressive contracts is the key risk.
In an interview with CNBC-TV18‘s Kritika Saxena, CEO Vishal Sikka that a combination of factors drove the results: higher volumes, deal wins as well as innovation-led efficiency improvements.
Nilesh Shah, MD and CEO of Envision Capital, dubbed the performance as "industry leading, peer beating", something that has happened after a long time.
Revenues are expected to increase by 0.3 percent Q-o-Q (up 13.6 percent Y-o-Y) to Rs 15,677 crore, according to ICICIdirect.
Shashi Bhusan, IT Analyst at IDFC Securities says Persistent Systems will deliver the strongest growth driven by its Aepona business.
Revenue may increase 0.7 percent to Rs 15,748 crore in third quarter of current financial year but dollar revenue is seen falling to USD 2,390 million during the quarter compared to USD 2,392 million in preceding quarter.
Sandip Agarwal of Edelweiss Financial Services has a hold on TCS and buy on Infosys, HCL Tech.
Nomura feels overall USD revenue growth is likely decelerate to 8.5 percent Y-o-Y posting ninth straight quarter of deceleration from a peak of 15.4 percent Y-oY. Cross currency moves will again likely hit USD revenues by 30-60 bps across tier 1 IT companies.
In terms of pecking order, Infosys remains the top pick followed by HCL Technologies, says Menon.Ravi Menon of Elara.
IT services firm Zensar Technologies posted a strong set of second quarter numbers, clocking profit of Rs 91.34 crore on revenues of Rs 758.65 crore.
Brokerages are still bullish on the stock. Most analysts are, however, concerned about its Japan business, insurance platform Diligenta and high hiring guidance.
TCS CFO Rajesh Gopinathan is confident the IT behemoth will make the transition and says its mammoth size will not be an "inherent disadvantage".
For Kawaljeet Saluja of Research at Kotak Institutional Equities, Infosys remains a top pick backed by accelerated growth. However, TCS still remains an add.
A day after TCS posted a largely muted set of quarterly earnings, CEO N Chandrasekaran said the company was witnessing 'weak spots' in the business and said its constant currency growth could see a "gap of 1.5-2 percent...explained by softness" in certain areas of the business.
Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
According to Rumit Duggar of Religare Capital Markets the dollar revenue growth would be around 9 percent and FY16 EPS would be around Rs 57.5.
Infosys is "working hard to beat its constant currency guidance", CEO Vishal Sikka told CNBC-TV18.
The stock fell off the cliff within minutes and touched intraday low of Rs 1108.90 per share, touching as low as 5 percent. News of revising dollar revenue and CFO Rajiv Bansal's resignation led the stock into a tizzy soon after.
Moshe Katri, IT industry analyst is confident of the company will beat the FY16 dollar revenue guidance of 10-12 percent and match industry growth.
In an interview to CNBC-TV18, Nischal Maheshwari, Co-Head, Institutional Equities & Head-Research at Edelweiss Securities shared his readings and outlook on the upcoming earning season.