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IDBI Capital Report
Infosys Ltd.'s Q2 FY22 result was better than our forecast on all front. Revenue grew by 6.3%/19.4% QoQ/YoY in constant currency.
Ebit margin declined 10 basis points QoQ to 23.6%. Earnings per share of Rs 12.9, 5.2%/up 12.7%, QoQ/YoY was also better than forecast.
Q2 FY22 saw large medium term deal with total contract value of $2.15 billion (net-new being ~37%).
For FY22, Infosys has revised its revenue growth guidance to 16.5 to 17.5 YoY in constant currency (versus 14% to 16% earlier) which was ahead of our expectation.
Ebit margin guidance remained unchanged 22% to 24% despite a higher growth.
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