Infosys' (INFO) Q4FY20 revenue in CC saw a 0.8% QoQ decline vs. our forecast of a 0.3% growth. EBIT declined by 75bps QoQ to 21.2% vs. our forecast of a 30bps QoQ decline. EPS of Rs10.2, -3.1%/+8.7% QoQ/YoY was in-line with our forecast aided by lower ETR. In Q4FY20 it has secured large deals with TCV of US$1.6 bn (net new wins being ~56%) taking the FY20 TCV to US$9 bn. Given the uncertainty over the impact of Covid-19 pandemic INFO has suspended giving annual guidance, in-line with our expectation. We largely maintain our forecast of revenue (US$) and EPS CAGR of 4.4%/4% over FY20-22E. We maintain our TP of Rs678...