Infosys Q3 Review: Doubling Down On Deal Wins, Says 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 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:
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.