BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Infosys Ltd.'s analyst meet on May 31, 2022 was a review of the past four and a half years of the ‘Salil Parekh 1.0' era and a spotlight on the outlook into the next several years of the 2.0 version.
This analyst meet was held in the backdrop of worsening macro-economic conditions in its customer markets. The management's commentary did not change from the one given post Q4 FY22 (mid April 2022), when it had indicated that demand and order pipeline remained strong.
Incrementally, despite earnings worries in certain pockets of the U.S. corporate sector (especially on the consumer side), Infosys management stated that it has not seen any change in demand.
Both FY23 revenue growth guidance of 13-15% in constant currency terms and the Ebit margin guidance of 21-23% were left untouched (as was expected).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
