Infosys Q3 Review: Revenue Outperformance Vis-a-Vis Peers Continues, Says ICICI Direct 
Employees chat outside the Infosys Experience Center at the Infosys Ltd. campus in the Electronics City information technology hub in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)

Infosys Q3 Review: Revenue Outperformance Vis-a-Vis Peers Continues, Says ICICI Direct 


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ICICI Direct Report

Infosys Ltd. reported a healthy set of Q3 FY21 numbers. Dollar revenues increased 5.3% QoQ versus our estimate of 3.3% in constant currency terms.

Once again in this quarter, the company has outperformed Tata Consultancy Services Ltd., in terms of revenue growth.

Infosys also reported flat QoQ margins despite headwinds of large deal transition cost and higher sub con cost.

In terms of guidance, the company has revised its FY21E revenues guidance upwards from 2-3% to 4.5-5% and operating margin guidance to 21-23% from 24-24.5%.

Click on the attachment to read the full report:

ICICI Direct Infosys Q3FY21 Result Update.pdf


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