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Prabhudas Lilladher Report
Infosys Ltd.'s management outlined their strategy to continue to grow ahead of industry by strengthening focus on-
large deals,
cloud, digital and technology operations,
tech native clients (hyperscalars and software-as-a-service companies),
deeper penetration in continental Europe and
growing high potential accounts ($10-50 million).
Our estimates remain unchanged. Infosys is currently trading at 28 times/22 times on earnings of Rs 57.8/68.4 for FY23/24E respectively with revenue and earnings per share compound annual growth rate of 12.6%/14.1% over FY22-24E.
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