Infosys Ltd. share price target

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...

We recommend a BUY rating on the stock and assign a 29x P/E multiple to its FY24E earnings of Rs 73.5/share to arrive at a TP of Rs 2,140/share, implying an upside of 14% from CMP.

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...

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...

Infosys for the quarter ended Sep 2021 registered a consolidated sales of Rs 29602 crore, a growth of just 6%QoQ and 20%yoy basis. On USD terms the revenue for the quarter was up by 5.7%QoQ basis and 20.7%YoY basis. On CC basis the revenue growth was 6.3% QoQ and...

Infy reported strong growth of 6.3% QoQ CC, 5.7% QoQ USD much above our estimates (Ple: 4.8%, Cons: 5.5%) led by strong broad-based demand across verticals and markets. Daimler deal contributed 1.5% to revenues. Infy's revenue from digital business showed sustained strong growth (9.8% QoQ,...

Growth accelerated in Q2 with resilient operating margin Q2FY22 revenue grew by 6.3%/19.4% QoQ/YoY in CC and 5.7%/20.7% QoQ/YoY in US$ terms. The company witnessed broad based growth across all sectors, service lines, and geographies, with the digital solutions (56.1% of revenue) growing by +42.4% YoY in CC terms. US$100 mn clients were +1 QoQ to 35. Q2FY22 saw EBIT margin declining by 10bps QoQ to 23.6%. It was impacted by higher subcontracting cost (-50bps) and wage hike (-110bps), partly offset by cross currency (+30bps) and other operational efficiency (+80bps) and SG&A; (+30 bps)....