Infosys Q4 Review - Miss On Revenues, In-Line Margin Performance: Prabhudas Lilladher
The Infosys Ltd. headquarters stand in the Electronics City area of Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

Infosys Q4 Review - Miss On Revenues, In-Line Margin Performance: 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.’s revenue of $3613 million, growth of 2.8% QoQ U.S. dollar (our estimate: 3.8%, consensus: 3.6%) was lower than our and cons estimates.

Sequential volume growth in Q4 FY21 was strong at 4.6%. However, revenue growth was subdued because:

  1. large part of the volume growth was led by offshore effort,
  2. lower contribution from third party deals and
  3. typical weak seasonality in Q4.

Digital revenues continued to grow at strong rate of 34.4% YoY constant currency. Manufacturing (up 6.1% QoQ U.S. dollar), retail (up 3.5% QoQ U.S. dollar) reported strong recovery and hi-tech continued to grow at strong rate of 8.4% QoQ U.S. dollar.

Click on the attachment to read the full report:

Prabhudas Lilladher Infosys Q4FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.