BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Infosys Ltd. reported constant currency U.S. dollar revenue growth of 5.3% QoQ (versus our estimate of 3.2%) in Q3 FY21.
This is its best QoQ growth in the last eight years. Growth was broad-based across verticals and regions.
In nine months of FY21, revenue (U.S. dollar)/Ebit/profit after tax grew by 3.8%/26%/16.4%.
The company reported its best-ever total contract of $ 7.1 billion (net new wins of 73%), two times book-to-bill, and above the combined TCV of the last three quarters.
While we see a large impact from the Daimler win, other deal wins were much ahead of our estimate.
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