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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 July, 2025 10:48 IST
Infosys: Expect a further upward revision in its guidance
Source: IRIS | 15 Jul, 2021, 04.47PM
Rating: NAN / 5 stars.
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 Infosys, India's second largest software exporter,  reported strong broad-based growth of 4.8% QoQ CC, beating estimate of 3.9%. Deal TCV stood at USD 2.6 billion, implying a growth of 48% YoY. EBIT margin fell 80bp QoQ to 23.7% in 1QFY22 (est. 24.8%), due to higher employee and subcontracting expenses. The management increased its FY22 USD revenue growth guidance to 14-16% CC YoY from 12-14%.

Post Infosys Q1FY22 result, Motilal Oswal Institutional Equities expects Infosys to deliver another year of an ongoing guidance raise as the current one does not fully factor in strong technology demand and execution of its record high deal wins. "We have cut our FY22E/FY23E EPS estimate by 3.2%/1.6% to encompass margin pressure due to ongoing supply crunch in the industry and expected increase in travel expenses."

"We continue to view Infosys as a key beneficiary of a recovery in IT spends in FY22, given its capabilities around Cloud and Digital transformation. We value Infosys at 27x FY23E EPS and reiterate our Buy rating," the broking firm added.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 




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