Infosys: Another Strong Quarter Highlights The Case For A Narrowing Valuation Gap [Seeking Alpha]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations:
infosys.com/investors
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Source: Seeking Alpha
Infosys (INFYTTNQYBroad-Based Strength Across Growth, Margins, and GuidanceINFY posted revenue growth of 4% Q/Q on a constant currency basis, matching its closest peer TCS (4.8% Q/Q) on the back of strong traction in Banking, Financial Services, and Insurance (BFSI), Retail, and Hi-tech. The major surprise, however, was EBIT margins, which improved c. 270bps Q/Q, on higher revenue productivity, utilization, and offshoring.(Source:FQ2 ’21 Fact SheetThe near-term outlook also looks strong, with deal wins at a historically high $3.1 billion, and with an impressive c. 86% net new contribution. The company also guided for c. 2-3% growth Y/Y (raised from the c. 0-2% Y/Y prior) in fiscal 2021 and raised EBIT margin guidance to 23-24% (up from the 21-23% prior). However, with wage hikes effective as of the start of the year, one-time incentives for junior employees in FQ3, and the reversal of temporary cost cuts, the company pointed out that 23-24% margins might not be sustainable as Infosys
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News
- Infosys (INFY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Infosys Stock Falls After Q4 Earnings - What's Going On? [Yahoo! Finance]Yahoo! Finance
- Infosys Sales Forecast Falls Short as Clients Stay Cautious [Yahoo! Finance]Yahoo! Finance
- 66degrees Appoints Pankaj Chugh as President and Chief Operating Officer, Strengthening its Position as a Leader in Enterprise AI and Data Services [Yahoo! Finance]Yahoo! Finance
- Infosys:Strong large deal TCV of $4.5 billion in Q4 and record $17.7 billion in FY24 create robust foundation for growth [Yahoo! Finance]Yahoo! Finance
INFY
Earnings
- 4/18/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website