Q2FY22 Result Update - Infosys - ICICI Direct

Infosys reported robust Q2FY21 results in revenue terms

• Digital revenues increased 42.4% YoY. It now contributes 56.1% of revenues
• Margins were resilient at 23.6% despite salary hikes
• Revised revenue guidance upwards from 14-16% earlier to 16.5-17.5% for FY22E and maintained margin guidance at 22-24% for FY22E

Key triggers for future price performance

• Infy is key beneficiary of multi-year growth (15-20%) in digital technologies
• Increase in outsourcing in Europe, vendor consolidation and large deal pipeline other key growth drivers
• Infosys to register industry leading growth in revenues (CAGR of 16% in FY21-23E)
• Healthy cash generation, robust dividend distribution & buyback

For details, click on the link below: Link to the report

Shares of Infosys Limited was last trading in BSE at Rs. 1715.50 as compared to the previous close of Rs. 1708.75. The total number of shares traded during the day was 495333 in over 20693 trades.

The stock hit an intraday high of Rs. 1784.05 and intraday low of 1698.25. The net turnover during the day was Rs. 860872760.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY Q2FY22 ResultUpdate ICICIDirect