Infosys: Exceptional Q3 Deal Wins To Turbocharge FY22, Says Motilal Oswal 
The Infosys Ltd. logo is displayed on security tape at the company’s campus in Electronics City in Bangalore, India. (Photographer: Vivek Prakash/Bloomberg)  

Infosys: Exceptional Q3 Deal Wins To Turbocharge FY22, Says Motilal Oswal 

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.

Motilal Oswal Report

Infosys Ltd. reported constant currency U.S. dollar revenue growth of 5.3% QoQ (versus our estimate of 3.2%) in Q3 FY21.

This is its best QoQ growth in the last eight years. Growth was broad-based across verticals and regions.

In nine months of FY21, revenue (U.S. dollar)/Ebit/profit after tax grew by 3.8%/26%/16.4%.

The company reported its best-ever total contract value of $ 7.1 billion (net new wins of 73%), two times book-to-bill, and above the combined TCV of the last three quarters.

While we see a large impact from the Daimler win, other deal wins were much ahead of our estimate.

Click on the attachment to read the full report:

Motilal Oswal Infosys Q3FY21 Result Update.pdf

DISCLAIMER

This 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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.