Infosys on Wednesday said it will announce its earnings for the fourth quarter and the fiscal ended March 2015 on April 24, a deviation from its usual practice of kicking off the corporate results season.
Instead, it will be India’s largest software services firm Tata Consultancy Services (TCS) that will announce its set of numbers on April 16.
Traditionally, Infosys was the first large-cap company to announce its results in the second week of April, July, October and January, kicking off the quarterly earnings season with its set of numbers that were announced.
ADVERTISEMENT
“A meeting of the Board of Directors of the company will be held on April 24, 2015, inter alia, to consider the audited financial results for the quarter and year ending March 31, 2015,” the country’s second largest software services firm said in a filing to the BSE.
The date for Wipro’s results announcement could not be ascertained.
HCL Technologies will announce the financial results for the January-March 2015 quarter on April 21. It follows the July-June fiscal.
ADVERTISEMENT
TCS has already said it expects revenues in January-March 2015 quarter to be in line with trends in the same period last year even as currency continues to remain volatile.
However, its smaller rival, HCL Technologies expects its dollar revenues for the March quarter to see an “adverse impact” of 2.8 per cent on strengthening of the greenback against global rivals.
TCS had registered a year-on-year growth of 31.2 per cent in revenues (at Rs. 21,551 crore), while HCL Technologies posted 29.8 per cent rise in revenues to Rs. 8,349 crore in the January-March 2014 quarter.