Infosys Q1 Review - Robust Revenue Guidance Keeps Us Positive: ICICI Direct
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ICICI Direct Report
Infosys Ltd. has guided revenue growth of 14-16% (augmented by Daimler deal), which represents strong growth potential despite a robust FY21 performance.
The company expects healthy traction in large deals, traction in digital technologies (in cloud and experience), healthy deal, captive carve outs, vendor consolidation opportunities and cost take out kind of deals to be key drivers of growth.
The company has also increased fresher hiring from 2500 to 3500 to address attrition and demand.
Improved tech spends, improving spend across verticals and traction in cloud, supply chain, customer experience, internet of things and cyber securities prompt us to believe the demand outlook in the medium term remains robust.
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