"Some of our retail clients have specific issues leading to reprioritization of budgets," Shibulal said last month. "At a broad level, some of our customers are facing a slowdown, leading to unanticipated project ramp-downs and cancellations of our projects with them in Q4. The above factors may (cause our) results to be near the lower end of our FY14 guidance."
Clearly, that's a warning not to expect too much when the the company declares its results on April 15. Revenues are expected to come at the lower end of the company's guidance.
In fact, profit after tax of the company is likely to fall 1-2 per cent sequentially and may come in between 2,800-2900 crore.
Dollar revenue is also expected to be flat at around 2100 million and the rupee revenue is likely to get hit on account of the sharp gains made in the rupee against the dollar.
Analysts are likely to closely watch for future guidance. Here again the hopes are not too great as the hints in the last analyst made that abundantly clear.
"We believe that many of the factors that have led to the recent slowdown will continue to impact our client spending, at least in the initial part of FY15," Shibulal has said last month.
The stock is going to be volatile on Tuesday that is for sure. In fact, Infosys is the only stock from the Sensex stocks that has the capability of fluctuating wildly on the day of its results. In fact, past trend has shown that it can fluctuate anywhere between 10 to 20 per cent.
If you are long in the Infosys counter and the results are bad, expect huge losses and if you are on the right side, expect good profits.