Investors keenly await the third quarter results of Infosys following its robust performance in the previous two quarters.

Infosys, India's second largest IT firm, will announce its earnings for the December quarter on 14 January.

Tata Consultancy Services (TCS) on Tuesday reported a 14.19% rise in its net profit to Rs 6,083 crore for the third quarter ended 31 December, 2015 and an 11.68% increase in revenues at Rs 27,364 crore.

However, TCS Q3 revenue missed the analysts' expectations for the sixth consecutive quarter.

Domestic IT players usually face weak demand in the October-December quarter as Christmas and New Year holidays result in less business volumes from the key markets -- the US and Europe. Both the markets contribute to nearly 85% of the revenues of IT firms in the country.

The Bengaluru-based IT major is expected to maintain its annual cross currency (CC) revenue growth guidance of 10-12% for the current fiscal year.

"The dollar revenue growth is likely at 1.1% quarter on quarter (QoQ) at US$ 2,419 million, CC revenue growth of 1.5% QoQ, earnings before interest and tax (EBIT) margin decline of 66 basis points (bps) QoQ. We expect Infosys to maintain its CC revenue growth guidance of 10-12% YoY for FY16," Business Standard quoted HDFC Securities as saying in a results preview.

Edelweiss Securities expects Infosys to post an increase in its total contract value from the $ 850 million quarterly range to $ 1 billion in the current quarter.

"While the company has hinted for increased investments and a decline in margins, we believe some benefit of Indian rupee depreciation, utilisation improvement and attrition cool off will help it maintain flattish margins this quarter," Edelweiss said.

The top five Indian IT companies are expected to post single digit growth rates for the current fiscal year, even as industry body Nasscom predicts software export revenue growth of 12-14% for the year.

Domestic IT majors -- TCS, Infosys, Wipro, HCL Tech and Tech Mahindra -- are expected post a single-digit growth rate of 5-9% in their revenues for 2015-16, growing at the slowest pace since the financial crisis of 2008, according to analysts.

The share price of Infosys soared by nearly 3.5% to Rs 1,086 on the Bombay Stock Exchange (BSE) on Wednesday as investors remained optimistic over its Q3 earnings.