Ahead of Infosys' second quarter earnings announcement, analysts expect the outcome of the board meeting to reflect on long term stability in the business along with short term confidence building measures like date for share buyback and employees' salary hike.
A meeting of the board of directors of the company will be held at registered office on October 23 and October 24, 2017 to consider consolidated and standalone financial results and recommend payment of interim dividend, Infosys said in a regulatory filing.
"The financial results would be finally approved by the board of directors on October 24, 2017," the filing said.
This will be first financial result that Infosys is set to announce under second innings of co-founder Nandan Nilekani at the helm of company's affairs and after controversial exit of Vishal Sikka as its chief executive officer.
"The Infosys Board has two key issues to manage currently -- one, ensuring stability by way of managing stakeholder sentiment and two, offering visibility by way of sharing concrete guidance," Greyhound Knowledge Group CEO and Chief Analyst Sanchit Vir Gogia told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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