Infosys - A Key Beneficiary Of Acceleration In IT Spends In The Medium, Long Term: Motilal Oswal

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. .Motilal Oswal Report.Annual report of Infosys Ltd. suggests that despite the adverse macros, enterprises continue to re-evaluate their cost structure and strengthen their business resilience. Additionally, they are adopting technological investments to foster agility. Enterprises are shifting their attention toward improving the personalised experience for their customers and delivering distinct value propositions by introducing new products and services. Key spending areas include Cloud, Generative AI, Cyber Security, Ineternet of Things, and Immersive Technologies.In this economic downturn, the company continues to maintain close proximity to its clients with its near-shore delivery capabilities and localization strategy..Valuation and viewInfosys’ discretionary business has been adversely impacted by the macroeconomic slowdown over the last few months.The delayed decision-making and higher deal scrutiny will have a direct impact on the deal conversion. We expect FY24 revenue growth to be around 5.2% YoY in constant currency terms, which falls under the lower end of the guidance range. Despite near-term weakness, we expect Infosysto be a key beneficiary of acceleration in IT spends in the medium/long term. The stock is currently trading at 18 times FY25E earnings per share..Click on the attachment to read the full report:.TeamLease - Turning Positive On Attractive Valuation; Long Term Growth Outlook: Motilal Oswal.DISCLAIMERThis 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.

Infosys - A Key Beneficiary Of Acceleration In IT Spends In The Medium, Long Term: Motilal Oswal

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