Infosys Ltd.

NSE: INFY | BSE: 500209 | ISIN: INE009A01021 |Industry: IT Consulting & Software
|Expensive Performer

Infosys Ltd.    
12 Jan 2019
799.45
0.85%
HDFC Securities
Maintain BUY with TP of Rs 800, 18x Dec-20E-EPS. Infosys (INFY) posted strong revenue performance, robust large deal bookings and increased its FY19E rev guidance. However, operating performance was soft impacted by accelerated hiring, lower utilisation (seasonality impact) and higher onsite-mix (large deal transition). Revenue came at USD 2,987mn, 2.7/10.1% QoQ/YoY in CC terms.
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Infosys Ltd. has an average target of 790.00 from 16 brokers.
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