Maintain BUY with TP of Rs 1,300, 17x FY20E EPS Infosys (INFY) posted in-line revenue at USD 2,805mn, 1.8% QoQ (1.7% est.) with CC growth of 0.6%. EBIT% at 24.7%, +46bps QoQ (24.4% est.) was supported by cross currency gains (+20bps) and higher offshore mix. INFY guided for 6 to 8% YoY (CC terms) growth for FY19E vs. 5.8% registered in FY18, but lowered its EBIT% guidance to 22-24% (from 23-25%).