Infosys' (INFO) Q1FY21 revenue in US$ saw a 2.4% QoQ decline (Est. -2.0% in CC) much lower than our forecast of 5.7% QoQ decline. Further, EBIT margin improvement of 150bps QoQ to 22.7% was a big beat to our forecast. EPS of Rs10, -2.1%/+13.1% QoQ/YoY also beat our forecast. In Q1FY21 it has secured large deals with TCV of US$1.74 bn (net new wins being ~19%). Yesterday, it announced digital transformation deal with Vangaurd which is its largest ever deal. In a big surprise, INFO has reinstated its FY21 guidance - revenue growth of 0% to 2% YoY in CC and EBIT margin of 21%-23%....