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