Axis Securities: Infosys Q1 Reports Resilient Business; Healthy Order Book

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Infosys Ltd reported strong broad based growth in Q1 FY21, revenue stood at Rs. 23,665 crores up 8.5% YoY and 1.5% QoQ. Operating profit showed a growth of 20% YoY at Rs. 5,365 crore, operating margin grew by 222 basis points at 22.7% than previous quarter aided by strong execution, lower utilisation and lower travel cost. Net profit for Q1 FY21 stood at Rs.4,233 crore reported a growth of 11.5% YoY. Infosys management guided for 0%-2% revenue growth in Constant Currency terms for FY21 and operating margin will be in the range of 21%-23%.We believe Infosys has a resilient business structure from a long term perspective and multiple long term contracts with world’s leading brands. With depreciation in Indian Rupee, lower travel cost, lower on site expenses - Ebitda margins likely to expand in near term..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Axis Securities: Infosys Q1 Reports Resilient Business; Healthy Order Book