Infosys' (INFO) Q3FY20 result was in line with our forecast. Revenue grew by 1% QoQ in CC vs. our forecast of +1.4%, EBIT margin improved by ~20bps QoQ to 21.9% vs. our forecast of 22.1% and EPS of Rs10.5 grew by 10.9%/12.3%, QoQ/YoY. INFO has revised its FY20 revenue growth guidance to 10%-10.5% in CC vs. 9%-10% earlier. In Q3 it has secured large deals with TCV of US$1.8 bn (net new wins being ~32%). INFO provided details of the investigation conducted by its audit committee, independent legal counsel Shardul Amarchand Mangaldas and PWC who determined that there was no evidence of any financial impropriety or executive misconduct....