Conference Call with Infosys Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: For the quarter ended December 31, 2021: Revenues in CC terms grew by 21.5% YoY and 7.0% QoQ Reported revenues at $4,250 million, growth of 20.9% YoY Digital revenues at 58.5% of total revenues, YoY CC growth of 42.6% Operating margin at 23.5%, decline of 1.9% YoY and 0.1% QoQ Basic EPS at $0.18, growth of 11.2% YoY FCF at $719 million, YoY decline of 6.9%; FCF conversion at 92.6% of net profit For nine months ended December 31, 2021 Revenues in CC terms grew by 19.3% YoY Reported revenues at $12,031 million, growth of 20.9% YoY Digital revenues at 56.3% of total revenues, YoY CC growth of 42.1% Operating margin at 23.6%, decline of 1.0% YoY Basic EPS at $0.52, growth of 16.1% YoY FCF at $2,294 million, YoY growth of 5.5%; FCF conversion at 103.6% of net profit "Our strong performance and market share gains are a testament to the enormous confidence our clients have in us to help them in their digital transformation. This stems from four years of sustained strategic focus on areas of relevance for our clients in digital and cloud, continued re-skilling of our people, and deep relationships of trust that our clients have with us. This is reflected in an upgrade in our revenue guidance to 19.5%-20.0% for FY22. We expect the healthy technology spend to continue with large enterprises progressing on their digital transformations”, said Salil Parekh, CEO and MD. “I am immensely proud of the relentless commitment of our employees during these challenging times and grateful for their extraordinary efforts in delivering success for our clients”, he added. “Despite the cost escalations driven primarily by supply side challenges, we delivered another quarter of healthy margins, with improved cost optimization, continued operating leverage and a stable pricing environment”, said Nilanjan Roy, Chief Financial Officer. “We continue to prioritize investments in talent acquisition and development and have further increased our global graduate hiring program to over 55,000 for FY22 to support our growth ambitions”, he added Result PDF