Among top IT companies, Infosys led with 7.6% YoY revenue growth, followed by TCS/HCLTech/Tech Mahindra reported 5.6%/5.1%/1.4%. Wipro remained largely flat at 0.5% YoY revenue growth. Among mid-IT companies, Happiest Minds/Persistent Systems reported growth of 29.5%/22.6%, while Infibeam Avenue/Sonata Software/Tate Elxsi growth came in at 18.0%/ 14.0%/ 2.7% YoY.
NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Deven Choksey Report
Infosys Ltd. has revised its FY25E revenue guidance upwards to a range of 4.5–5.0%, from the previous estimate of 3.75 - 4.50%, while maintaining its margin guidance at 20.0 – 22.0%. The company has raised its FY25E guidance for constant currency revenue growth to 4.5%-5.0%, up from the previous 3.5%-5.0%. The revised guidance factors in 50bps contribution from the HPE CTG acquisition, this translates to a FY25E organic revenue growth of 4.0-4.5% from 3.5%- 5.0% (excluding the HPE CTG acquisition).
Infibeam Avenue Ltd.'s guidance remains intact for FY25E with gross revenue of Rs 39,000 – 42,000 million, a growth of 23.0–32.0% YoY. Net revenue is expected to be between Rs 4,500 – Rs 5,000 million (up 5.0% - 17.0% YoY), and Ebitda is forecasted to be in the range of Rs 2,750 – 3,000 million (up 9.0% - 19.0% YoY). PAT for FY25E is expected to be in the range of 18.0% - 35.0% around Rs 1,750 – 2,000 million.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
