Infosys Ltd. share price target

Q4 revenue growth muted at 0.7% QoQ USD, below our (4.1%) and street estimates. TCV robust at US$ 2.3bn

We recommend a Buy the stock for a target price of Rs 1895 implying an upside of 10% from CMP

Infosys is India's second-largest provider of consulting and IT services

all companies in NIFTY IT Index, several mid-cap, small cap IT firms and new age internet players. Management commentary across companies indicate that strong demand environment is expected to continue over medium term and revenue growth is no longer contingent on winning large deals. Pricing environment has also improved. Additionally, companies are doing aggressive fresher hiring resulting in pyramid balancing which will provide considerable margin tailwinds in FY23....

Infosys is leading IT service provider based in india

Net sales (including other operating income) of Infosys has increased 7.65% to Rs 31867 crore. Operating profit margin has declined from 26.45% to 26.31%, leading to 7.05% rise in operating profit to Rs 8,383.00 crore. Employee cost decreased from 53.18% to 51.32%. Other expenses rose from 20.36% to 22.37%. Selling and administration expenses rose from 2.56% to 2.79%. Software technology development services cost rose from 15.02% to 16.86%. Other income fell 2.29% to Rs 512 crore. PBIDT rose 6.46% to Rs 8842 crore. Provision for...

Infosys Limited provides IT consulting and software services, including ebusiness, program management and supply chain solutions. The Group's services include application development, product co-development, and system implementation and system engineering. Infosys targets businesses...

What should investors do? Infy's share price has grown by ~4.4x over the past five years (from ~| 424 in January 2017 to ~| 1,897 levels in January 2022). We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value Infosys at | 2,300 i.e. 32x P/E on FY24E EPS...

INFO reported a growth of 7% QoQ CC, ahead of our estimate of 4.8%, on the back of a broad based performance. Large deal TCV stood at USD2.53b (net new at 44%). The management indicated traction in large deals, and highlighting that the deal pipeline was the highest in a very long time. EBIT margin dipped only 10bp QoQ to 23.5%, in line with our estimate, despite a drag from employee additions (12.5k), higher sub-contracting, and...

full ramp-up of Daimler mega deal, Life Sciences (+12.3% QoQ USD) and Communications (+7.2% QoQ USD). Infy's digital business showed sustained strong growth (11% QoQ, 41.2% YoY USD) and now account to 58.5% vs 56.1% in 2Q22. Within digital, cloud is growing much faster as Infy's cobalt cloud capabilities are resonating well with clients. With signs of improving pricing Infy is likely to benefit more with increasing share of digital revenue. Infy won 25 large deals with deal TCV of $2.53 Bn, +18% QoQ with net new deals at 44% well distributed across verticals. Management mentioned that...