Infosys Q3 Review: Doubling Down On Deal Wins, Says Prabhudas Lilladher 
An Infosys Technologies Ltd. sign is displayed. (Photographer Tony Avelar/Bloomberg)

Infosys Q3 Review: Doubling Down On Deal Wins, Says Prabhudas Lilladher 

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Prabhudas Lilladher Report

Infosys Ltd. reported phenomenal revenue growth of up 5.3% QoQ constant currency terms, beating our expectations by 2.4%.

Growth beat was driven by revenue gains by strong deal total contract value of H1 FY21 and earlier quarters.

Digital revenues grew by 31.3% YoY CC and contributing to 50.1% to total revenues (versus 47.3% in Q2 FY21 and 44.5% in Q1 FY21).

Revenue growth was broad-based led by 9.8% QoQ U.S. dollar rise in BFSI (led by the ramp-up of Vanguard deal) 10.8% QoQ U.S. dollar rise in Life Sciences and 8.5% QoQ rise in Manufacturing.

Infosys posted a strong margin of 25.4% (our estimate 24.9%, consensus 25.1%).

Click on the attachment to read the full report:

Prabhudas Lilladher Infosys Q3FY21 Result Update.pdf


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