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 Q4 FY21 result was in-line with our forecast with a slight miss on revenue front.
Q4 FY21 revenue grew by 2% QoQ in constant currency terms versus our forecast of up 2.6%.
Ebit margin declined by 95 basis points QoQ to 24.5% versus our forecast of 24.4%.
Q4 FY21 saw large-deal total contract of $2.1 billion (net-new being ~52%).
For FY22, the company has guided for revenue growth of 12% to 14% YoY in CC (higher than our expectation) and Ebit margin between 22% to 24% versus 24.5% in FY21 (a miss).
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