Infosys Q2 Review - Excellent Performance: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Infosys Ltd. reported strong growth of 6.3% QoQ constant currency, 5.7% QoQ U.S. dollar much above our estimates (our estimate: 4.8%, consensus: 5.5%) led by strong broad-based demand across verticals and markets.
Daimler deal contributed 1.5% to revenues.
Infosys’ revenue from digital business showed sustained strong growth (9.8% QoQ, 43% YoY U.S. dollar) and now account to 56% versus 47.3% in Q2FY21.
Deal total contract value of $2.15 billion, was soft on down 17% QoQ and down 32% YoY basis.
Net new deals were moderate at 37% of TCV, however, management mentioned demand environment is extremely strong.
Deal pipeline is robust with good mix of small, mid-sized and large deals.
Click on the attachment to read the full report:
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.