Infosys Ltd. share price target

Infosys' (INFO) had another quarter of an all-round beat to ours and consensus forecast. Q2FY21 revenue grew by 4% QoQ in CC and 6.1% QoQ in US$ vs. our forecast +2.1% in CC. Further, EBIT margin saw a whopping improvement of 270bps QoQ to 25.3% (18 quarter high). EPS of Rs11.4, +14.4%/+20.8% QoQ/YoY also beat our forecast. In Q2FY21 saw an all-time high large-deal TCV of US$3.1 bn (net new wins being ~83%). INFO's upward revision in guidance was also ahead of our and consensus expectation. It...

Infosys' (INFO) Q2 topline grew ahead of estimates at 4% QoQ CC and it also posted its highest ever TCV of US$ 3.15bn.

Infosys for the quarter ended Jun 2020 registered a consolidated sales of Rs 23665 crore, a growth of 2%QoQ and 9%yoy basis. However on USD terms the revenue for the quarter was down by 2.4%QoQ basis and 0.3%yoy basis. On CC basis the growth was +1.5%YoY basis....

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 Ltd (Infy) reported strong broad based growth in Q1 FY21, revenue stood at Rs. 23,665 crs up 8.5% YoY and 1.5% QoQ. Operating profit showed a growth of 20% YoY at Rs. 5,365cr, operating margin grew by 222 bps at 22.7% than previous quarter aided by strong execution, lower utilization

currently trading at 25% discount to TCS FY22E earnings multiple & we expect the discount to narrow down to 10-15%. Infy Q1FY21 results were beat in all parameters- Strong revenue beat & Margin performance, EPS beat & strong deal wins. Infy reported just -2% QoQ CC decline in revenues as compared to Ple -4.1%/Cons 5.5% QoQ CC. Limited revenue decline helped margin expansion as they started tight cost management from the beginning of the quarter. Infy posted a strong margin expansion of ~150bps QoQ to 22.7% (Ple: 20.6%, Cons:20.5%). Tailwinds were...

Despite a higher variable payout (100bp impact), robust EBIT margin expansion (+150bp QoQ) was a key positive. Additionally, sub- optimal EBIT margin levels and headroom for margin expansion, led by back- ended productivity benefits, should translate into strong outperformance on EPS growth (v/s the sector). The EBIT margin improved 220bp YoY / 150bp QoQ despite higher variable travel and visa costs (+230bp), [2] favorable currency (+70bp), [3] reduction in other discretionary costs (+110bp), [4] operational impact low utilization, onsite mix (-150bp), and [5] variable pay (-100bp). The companys absolute and relative performance (v/s TCS and Wipro) during the quarter is indicative of some of the investments made in the previous years Notwithstanding the higher variable payouts, the company delivered robust margin expansion. The EBIT margin improved 220bp YoY / 150bp QoQ despite higher variable pay visa costs (+230bp), [2] favorable currency (+70bp), [3] reduction in other discretionary costs (+110bp), [4] operational impact low utilization, onsite mix (-150bp), and [5] variable pay (-100bp).

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%....