Infosys Ltd. share price target

6 November 2019 INFO has received various whistleblower complaints in the past. Since then, INFO has not received any evidence to support the allegations mentioned in the letter. The board remains extremely complaint on its corporate governance policy and is confident about managements capability to function in an ethical manner. The company stated it has historically always set a TCV target of USD1b for each quarter. Most of the larger deals still remain RFP-based, but pushing solutions increased chances of winning a floated RFP for a similar type of problem. Superior wins have been a function of both the strengthening internal sales structure and the focus on pipeline. For strengthening internal structure, INFO has [1] simplified its sales process, [2] created best-in-class sales team with outcome-based incentive, [3] set up a clear strategy with involvement of senior leadership and [4] focused on high- quality proposals.

Infosys Ltd., India's second largest IT exporter has posted strong growth in the revenue for Q2FY20 aided mainly by broad based growth across all verticals. Digital segment also reported robust growth of 38.4% on YoY basis for Q2FY20.

A group of anonymous employees has allegedly complained to the Infosys Board and the US Securities and Exchange Commission (SEC) that both the CEO (Salil Parekh) and CFO (Nilanjan Roy) have been indulging in unethical practices to boost short-term revenue and profits. Whistleblowers sent the letter to the board on September 20, 2019 and to the US Labor Department's Office of the Whistleblower Protection Program with emails and voice recordings to substantiate the allegations on October 3, 2019. According to the letter, the major...

Infosys Limited is the second-largest Indian IT company that provides business consulting, information technology and outsourcing services. The Group's services include application development, product co-development, system implementation and system engineering, targeting businesses in the...

restricted at 5% to Rs 5639 crore. However the PBT was down by 2% to Rs 5496 crore, hit by lower other income, higher interest cost and higher depreciation. Taxation in absolute terms though stand lower by 4% to Rs 1459 crore, the PAT was still down by 2% to Rs 4037 crore....

Infosys' (INFO) Q2FY20 result met our forecast across all parameters. Revenue grew by 3.3% QoQ in CC vs. our forecast of +3.7%, EBIT margin improved by ~120bps QoQ to 21.7% vs. our forecast of 21.6% and EPS of Rs9.5, -7.1% QoQ and unchanged YoY was also in-line with our forecast of Rs9.7. Digital services (38.3% of revenue) continued to drive INFO's growth and grew by +10.7%/+38.4% QoQ/YoY. Large deal win TCV hit an all-time high of US$2.85 bn, though...

Healthy performance on margin, deal TCV, digital front Expect revenue growth in FY20E to surpass guided range Infosys reported a 3.3% QoQ revenue growth in constant currency with Stater acquisition contributing ~1% to it. Infosys' Q2 performance is better than TCS. The company is expected to continue to perform healthily in coming years. Besides retail & communication, growth was all rounded across verticals. Insights from the future outlook with regard to verticals indicates: 1) financial services to be soft on the back of weakness in capital...

Infosys reported a decent quarter with inline performance on revenues & margins. Infosys narrowed their guidance band (8.5%-10% CC) to (9-10% CC) inline with our expectations. Infosys reported revenue growth of 3.3% CC QoQ (Ple: 3.5%, Cons:3.6%) & organic cc growth stood at 2.4% CC QoQ slightly lower than our estimates of 2.6% CC QoQ. EBIT margin was inline with our estimates at 21.7% (Ple:21.6%, Cons: 21.4%) aided by increase in utilization, cost optimization, lower visa cost & travel costs....

Infosys (INFO) met expectations with 3.3% QoQ CC revenue growth and 21.7% EBIT margins, delivering a better performance than TCS in Q2FY20.

Revenue from Digital grew 38.4% YoY CC, contributing 38.3% of total revenue in EBIT margin improved 120bp QoQ to 21.7%, 40bp beat to our estimate of 2QFY20 margin factored in [1] the impact from the absence of visa costs (+110bp) and [2] higher utilization and cost optimization (+110bp), partially offset by [1] compensation increase (-70bp) and [2] donations (-30bp). On a sequential basis, [1] the absence of visa cost boosted the margin by +110bp, [2] INR depreciation was offset by cross-currency headwinds, resulting in a negligible impact, [3] higher utilization and cost optimization (automation, increased offshore mix) had +110bp impact, which was offset by [4] compensation increases (-70bp) and [5] donations (-30bp). INFO has seen its margins correct amid investments in delivery and sales capabilities to win in the Digital era, and that has finally been yielding strong deal wins and improved revenue growth also reflected in Digital surpassing 35% of revenues.