Infosys Annual Report Analysis - Well Equipped For Industry Leading Growth: Prabhudas Lilladher
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Prabhudas Lilladher Report
Infosys Ltd.’s FY21 annual report titled 'Cloud Chaos to Clarity' showcases how aggressive cloud adoption globally has opened many new avenues.
The company believes that its dynamic cobalt services will deliver accelerated cloud transformation at scale and future of cloud strategy can be shaped by three key factors – business agility, scaled innovation and security of ecosystem.
We are impressed with the strong pick up in product and platform revenues at 23% YoY growth in FY21 led by pick up in McCamish, EdgeVerve, and Stater (accounts to 91% of product and platform revenues).
Also research and development spends at Rs 9.5 billion (0.9% of sales), have remained stable.
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