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.
Axis Securities Report
Infosys Ltd.'s Q1 FY22 revenue stood at Rs 27,896 crore up 6% QoQ and 4.8% QoQ in constant currency terms.
Operating profit stood at Rs 6,603 crore, reporting a growth of 2.5% on a QoQ basis while operating margin de-grew by 80 basis points QoQ and stood at 23.7%.
The de-growth was largely on account of the impact of wage hikes and higher subcontracting costs.
Net profit for Q1 FY22 stood at Rs 5,201 crore, registering a growth of 2.3% QoQ.
The company's management has revised revenue growth guidance for FY22 to 14%-16% (from 12-14% earlier) in constant currency terms and operating margin in the range of 22%-24% aided by a strong deal pipeline and robust demand.
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