Infosys Q4 Results Review - Unplanned Ramp Down Impacts Growth: ICICI Direct

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. .ICICI Direct Report.Infosys Ltd. reported weak numbers on the revenue front as its revenue during the quarter declined 3.2% QoQ and grew 8.8% YoY in constant currency terms. In dollar terms, revenue was down 2.3% QoQ and up 6.4% YoY to $4,554 million while in rupee terms it reported revenue of Rs 37,441 crore, down 2.3% QoQ and 16% YoY.Digital revenues (62.9% of mix) declined 2.3% QoQ to $2,864 million while core revenues (37.1% of revenue mix) declined 2.3% QoQ also. In CC terms, digital revenue grew 15% YoY while core revenue declined 0.2%.Geography wise (in CC terms YoY), North America (61% of mix) reported single digit growth of 6% while Europe (27% of mix) reported growth of 20.3%.Vertical wise (in CC terms YoY), financial services vertical (28.9% of mix) reported growth of just 0.4% due to unexpected ramp down in pockets of mortgage, investment banking and asset management. Infosys also mentioned that its total exposure to regional banks is less than 2% of overall revenue of the company. Manufacturing vertical grew 26.5% while energy and utilities, life sciences, retail, hitech and communications reported growth of 17.1%, 15.7%, 12.6%, 3.7% & 0.3%, respectively..Click on the attachment to read the full report:.More Research Reports On Infosys Q4FY23 Results Review.Big Miss, Muted Guidance; Would Lead To De-Rating: Dolat CapitalWeak Performance To Impact FY24 Topline Delivery: Motilal OswalChallenging Macros To Impact Near Term Growth: IDBI CapitalLarge Discretionary IT Spend Exposure Leading To Revenue Drawdown: ICICI Securities.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 Q4 Results Review - Unplanned Ramp Down Impacts Growth: ICICI Direct

FY24 guidance widened to accommodate uncertainties.

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Infosys Q4 Results Review - Unplanned Ramp Down Impacts Growth: ICICI Direct

FY24 guidance widened to accommodate uncertainties.

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