Technology giant Infosys will be announcing its quarterly results soon. The company has stated that it’s Q2 FY22-23 results will be out on 13th October 2022.
Infosys had posted a net profit of Rs. 5360 crores during Q1 FY22-23 and investors are looking forward for the Q2 results. However, in Q1 FY 23 it posted less results compared to the previous quarter Q4 FY22.
IT stocks have been under pressure since the rumours of US economy going to recession has been doing the rounds. Infosys stocks has been dumped heavily by investors and has gone below 1400 levels many times in recent past. The company’s stock fell to 1355 which was its yearly lower levels. It closed at 1393.75 today at BSE.