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.
IDBI Capital Report
Infosys Ltd.’s Q2 FY22 result was better than our forecast on all front. Revenue grew by 6.3%/19.4% QoQ/YoY in constant currency.
Ebit margin declined 10 basis points QoQ to 23.6%. Earnings per share of Rs 12.9, 5.2%/up 12.7%, QoQ/YoY was also better than forecast.
Q2 FY22 saw large medium term deal with total contract of $2.15 billion (net-new being ~37%).
For FY22, Infosys has revised its revenue growth guidance to 16.5 to 17.5 YoY in constant currency (versus 14% to 16% earlier) which was ahead of our expectation.
Ebit margin guidance remained unchanged 22% to 24% despite a higher growth.
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