Infosys Q1 results LIVE: Guidance cut likely for the IT major - Here's what brokerages expect?

Infosys is set to announce Q1 FY27 results on July 23 after market hours, with shares slipping around 2% to around Rs 1,032.30 on the BSE ahead of the announcement. Brokerage Motilal Oswal expects 2.0% quarter-on-quarter constant currency revenue growth and anticipates the company trimming the upper end of its FY27 constant currency revenue growth guidance by 50 basis points to a revised range of 1.5%-3.0% year-on-year. Operating margin is projected to improve 40 basis points sequentially to 21.4%, supported by Project Maximus savings and the absence of wage hikes, though telecom and manufacturing verticals are expected to remain pressured by client-specific issues including the Daimler ramp-down.