Infosys Q3 Review - Strong Revenue, Margin Resilience Is Key: ICICI Direct

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..ICICI Direct Report.Infosys Ltd.'s constant currency revenues increased 7% QoQ while $ revenues increased 6.3% QoQ to $4,250 million. Reported Ebit margins declined ~10 basis points QoQ to 23.5% amid supply side pressures. Revenue growth was across geographies and verticals. In terms of geographies, revenue growth was led by Europe, which grew 27.2% YoY, followed by North America, which grew 21.4% YoY in CC terms. In terms of verticals, growth was led by banking, financial services and insurance, retail, communication, which grew 15.5%, 19.8% and 22.2% YoY, respectively, in CC terms.Digital revenues increased 41.2% YoY and now accounts for 58.5% of overall revenues. In terms of large deal pipeline, it was up 17.7% QoQ to $2.53 billion.Going forward, Infosys has further revised revenue growth guidance to 19.5-20% from earlier 16.5-17.5%, which represents strong growth potential despite a robust FY21 performance..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Infosys Q3 Review - Strong Revenue, Margin Resilience Is Key: ICICI Direct

Infosys Q3 Review - Strong Revenue, Margin Resilience Is Key: ICICI Direct

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