Infosys Delivers Another All-Round Beat In Q3: IDBI Capital
Infosys Ltd. signage is displayed at the entrance to a building at the company’s campus in Electronics City in Bangalore, India (Photographer Vivek Prakash/Bloomberg)

Infosys Delivers Another All-Round Beat In Q3: IDBI Capital


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IDBI Capital Report

Infosys Ltd. had another quarter of an all-round beat to ours and consensus forecast. Q3 FY21 revenue grew by 5.3% QoQ in constant currency terms and 6.2% QoQ in U.S. dollar versus our forecast up 2.4% in CC.

Ebit margin improved by 7 basis points QoQ to 25.4% versus our forecast of 24.6%.

Earning per share of Rs 12.2, up 7.2%/up 16.5% QoQ/YoY was also a beat to our forecast.

Q3 FY21 saw an all-time high large-deal total contract value of $7.13 billion (net-new being ~73%).

The company has now guided for CC revenue growth of 4.5-5% versus 2-3% earlier and Ebit margin of 24-24.5% versus 23-24%.

Click on the attachment to read the full report:

IDBI Capital Infosys Q3FY21 Result Update.pdf


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