Infosys Ltd

Earnings Update | Infosys: Raises Revenue Growth Guidance

Equity Bottom-Up
187 Views, 12 Jan 2022 22:06
EXECUTIVE SUMMARY
  • Infosys reported strong Q3FY22 earnings with constant currency (CC) sequential growth of 7%, despite weak seasonality.  YoY CC growth at 21.5% is the highest ever over the past 11 years.
  • Large deal wins and continued momentum in digital revenue growth helped Infosys Ltd (INFO IN) to post a strong Q3. Share of digital revenues grew to 58.5% vs 50.1% YoY.
  • On the back of strong Q3FY22 earnings, Infosys raised its FY22 revenue growth guidance to 19.5-20% vs 16.5%-17.5% earlier.
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Ankit Agrawal, CFA
Equity L/S Analyst | Forensic Accounting | India
Yellowstone Equity
IndiaEquity Bottom-UpForensic Accounting

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and How... 

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