Infosys Q3 Results Review - Steady Performance; Well Placed To Manage Near Term Uncertainty: Yes Securities

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. .Yes Securities Report.Infosys Ltd. reported mixed financial performance for the quarter. While, the revenue growth was above estimate, Ebit margin came in below expectation. Infosys' reported constant currency growth of 2.4% QoQ, led by manufacturing (up 36.8% YoY in constant currency terms) and energy and utilities (up 25.9% YoY in CC terms).The Indian rupee reported growth of 4.9% QoQ was supported by depreciation of Rs by 2.9% QoQ versus U.S. dollar. Ebit margin remained flat QoQ at 21.5% There was some moderation in employee attrition as last twelve months attrition was down 280 bps QoQ to 24.3%. The multiyear tech adoption cycle broadly remains intact led by adoption of cloud and data analytics. However, the clients have become cautious regarding the evolving macroeconomic situation especially in Europe and there are signs of slowdown in discretionary spending in sectors such as hitech, retail, telecom, etc. and can lead to near term moderation in revenue growth. Employee attrition has started moderating and should support operating margin going ahead..Click on the attachment to read the full report:.Infosys Q3 Results: Profit Up 9.2%, Revenue Growth Guidance Raised.More Research Reports On Infosys Q3 FY23 Results Review.Guidance Implies Soft Q4; Signs Of Macro Slowness Discerning: Dolat CapitalStrong Bookings To Insulate Near-Term Revenue Growth: Motilal Oswal Strong TCV Bookings; Revenue Guidance Increased Further: ICICI Direct Well Positioned In A Challenging Macro: IDBI Capital.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 Q3 Results Review - Steady Performance; Well Placed To Manage Near Term Uncertainty: Yes Securities

Employee attrition has started moderating and should support operating margin going ahead.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP