Infosys Q4 Review - A Miss This Time To Great Expectations: IDBI Capital 
Infosys Ltd. signage is displayed at the entrance to a building at the company’s campus in Electronics City in Bangalore, India (Photographer Vivek Prakash/Bloomberg)

Infosys Q4 Review - A Miss This Time To Great Expectations: IDBI Capital 

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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.

IDBI Capital Report

Infosys Ltd.’s Q4 FY21 result was in-line with our forecast with a slight miss on revenue front.

Q4 FY21 revenue grew by 2% QoQ in constant currency terms versus our forecast of up 2.6%.

Ebit margin declined by 95 basis points QoQ to 24.5% versus our forecast of 24.4%.

Q4 FY21 saw large-deal total contract value of $2.1 billion (net-new being ~52%).

For FY22, the company has guided for revenue growth of 12% to 14% YoY in CC (higher than our expectation) and Ebit margin between 22% to 24% versus 24.5% in FY21 (a miss).

Click on the attachment to read the full report:

IDBI Capital Infosys Q4FY21 Result Review.pdf

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