Conference Call between Management and Analysts on Infosys Q4FY20 and Full Year Earnings and Outlook. Listen In to the full earnings transcript. 

Key Highlights - Management Comments

- The Financial Year that ended was an exceptional year for us, we did very well. Grew 9.8% in constant currency and delivered 21.3% in operating margin.

- Grew our digital revenues by 28% and Q4 digital revenue has become 42% of overall business.

- We did $9 billion of large deals for the full year. EPS grew 8.3% in dollar terms, we had the highest cash collection for the quarter and full year in our history.

- In Q4 we grew our business 6.4% YoY in constant currency and 21.1% operating margin with $1.6 billion in large deals, some of which happened in the last two weeks of the quarter. Share of new deals increased to 56%. Won 12 large deals in Q4 (7 from the Americas and 5 from Europe).

- Volume growth for the year was 8%. Communications, Energy, Manufacturing, HiTech and LifeSciences recorded double digit growth in the financial year in constant currency.

- We close the year with an extremely strong cash position of $3.6 billion dollars and no debt on the balance sheet.

- We have focused on financial security, and a strong cash position. We anticipate near term challenges across the whole set of industries.

- Suspending providing guidance on revenue growth and operating margin for FY21.

- Utilization fell sequentially to 83.5% partly due to covid related constraints.

- Attrition on a standalone basis slightly higher at 18.2%.

- Final dividend at Rs. 9.50 per share. Total dividend for FY at Rs. 17.50 per share.

- We see increased client interest in cloud, digital transformation, and cost savings. - The impact of covid is significant and we have activated our business continuity plan.

- Sectors significantly impacted by Covid: Financial services, Banking, Insurance, Retail (especially apparel, lifestyle, logistics), Energy, Media and Entertainment. Reduced travel will affect aerospace. 

- Relatively stable: Communications. Spends on 5G and new tech may get delayed.