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Infosys Q2 Review - Excellent Performance: Prabhudas Lilladher

Infosys Q2 Review - Excellent Performance: Prabhudas Lilladher

<div class="paragraphs"><p>Infosys Ltd. signage is displayed at the entrance to a building at the company’s campus in Electronics City in Bangalore. (Photographer: Vivek Prakash/Bloomberg).</p></div>
Infosys Ltd. signage is displayed at the entrance to a building at the company’s campus in Electronics City in Bangalore. (Photographer: Vivek Prakash/Bloomberg).

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:

Prabhudas Lilladher Infosys Q2FY22 Result Review.pdf

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