Infosys Q4 Results Highlights | IT major Infosys declared its results for the fourth quarter of financial year 2021-22 today, April 13. The company's net profit came in at Rs 5,686 crore, and revenue at Rs 32,276 crore.
Infosys had posted a profit of Rs 5,076 crore and revenue of Rs 26,311 crore in the quarter ended March 2021. Profit in the three months ended December 2021 was Rs 5,809 crore and revenue was Rs 31,867 crore.
“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys," said Salil Parekh, Infosys CEO and MD.
“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunity," Parekh added.
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Infosys Q4 Results LIVE |
Infosys said it expanded its fresher hiring programme to 85,000 for the year from the 55,000 it had shared earlier t meet strong demand for its services. This also comes at a time when its attrition has spiked, amidst an unprecedented war for technology talent in India.The rate of attrition stood at 27.7 percent.
Read full reportInfosys Q4 Results LIVE |
India's second-largest software firm Infosys grew faster than its bigger rival TCS in revenue for the third year in a row, a trend that is likely to continue in the near term as the Bengaluru-based firm aims to become the country's IT bellwether again.
Infosys registered revenue of $16.3 billion, growing20.3 percentfor the year ended March 31, 2022, whereasTCS grew 15.9 percentwith the revenue at $25.7 billion. Infosys has maintained that trajectory for three years in a row, starting FY20. Read full report
Infosys Q4 Results LIVE | Highlights of the quarterly performance
- Revenues in CC terms grew by 20.6% YoY and 1.2% QoQ
- Reported revenues at Rs 32,276 crore, growth of 22.7% YoY
- Digital revenues at 59.2% of total revenues, YoY CC growth of 38.8%
- Operating margin at 21.5%, decline of 3.0% YoY
- Basic EPS at Rs 13.56, growth of 13.4% YoY
- FCF at Rs 5,769 crore, decline of 0.9% YoY; FCF conversion at 101.3% of net profit
Infosys Q4 Results LIVE |
Free Cash Flows surpassing $3 billion and Return on Equity of 29.1%, reflecting the company’s success, driven by client-centricity and rich capabilities," Infosys CFO Nilanjan Roy said.
Infosys Q4 Results LIVE |
Free Cash Flows came in at Rs 5,769 crore in Q4 FY22, marking a decline of 0.9 percent as compared to the year-ago period. FCF for the entire fiscal came in at Rs 22,803 crore, which marked a growth of 3.6% YoY.
Infosys Q4 Results LIVE |
The basic EPS was reported at Rs 13.56, which marked a 13.4 percent year-on-year growth, the company said. For the entire fiscal, EPS grew by 15.2 percent to Rs 52.52.
"“In a year marked by intense supply side challenges, Infosys delivered strong financial performance – EPS growth of 15.2 percent," said Nilanjan Roy, Infosys' Chief Financial Officer.
Infosys Q4 Results LIVE |
The operating margin in fourth quarter came in at 21.5 percent, which marked a decline of 3 percent as compared to the corresponding period in the past year, Infosys said.
Infosys Q4 Results LIVE |
“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunity”, Salil Parekhadded.
Infosys Q4 Results LIVE |
Digital revenues came in at 59.2 percentof total revenues, which marks a year-on-year growth of 38.8 percent., Infosys said.
“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, said Salil Parekh, CEO and MD.
Infosys Q4 Results LIVE Updates |
The revenue, which came in atRs 32,276 crore, was up 20 percent year-on-year and 1.2 percent quarter-on-quarter.
Infosys Q4 Results LIVE | "
Sustained momentum in FY22, large deal wins and robustdeal pipeline give us comfort to provide guidance of 13-15% in FY23," Infosys CEO Salil Parekh said. "Will scale cloud capacities further, expand automation and strengthen employee value proposition," he added.
Infosys Q4 Results LIVE |
The profit, which came in at Rs5,686 crore, is 12 percent higher as compared the corresponding period in the previous financial year.
Infosys Q4 Results LIVE |
For FY22, the Board has recommended a final dividend of ₹16 per share. Together with the interim dividend of Rs 15 per share already paid, the total dividend per share for FY22 will amount to Rs 31 which is a 14.8 percentincrease over FY21.
Infosys Q4 Results LIVE |
Infosys' Q4 net profit comes in at Rs 5,686 crore, revenue atRs 32,276 crore.
Infosys Q4 Results LIVE |
Motilal Oswal forecasts a profit of Rs 6,080 crore with on-year growth of 19.6 percent and sequential growth of 4.5 percent. Emkay Research pegs profit at Rs 6,010 crore. Kotak is the most conservative and forecasts a profit of Rs 5,750 crore, which is an on-year growth of 13.4 percent. Sequentially, however, it sees profit declining marginally by 90 bps.
Infosys Q4 Results LIVE | Investor Focus
Street is expecting Infosys to provide annual revenue and margin guidance for FY23. “We expect modest growth guidance of 11-13% that implies 1.5-2.5% revenue CQGR (compounded quarterly growth rate) for four quarters of FY23,” according to Kotak.
Infosys Q4 Results LIVE | Factors At Play
#1 The revenue growth guidance for FY23 will be closely tracked. 'Modest growth guidance of 11-13%' being projected by Kotak Instituional Equities.
#2 Kotak Institutional is expecting the margins to decline 170 bps YoY to 22.8%, and by 70 bps QoQ. Supply-side challenges are the key reason.
#3 ICICI Securities note said they will be closely watch the Daimler deal ramp up and traction in digital.
#4 Infosys' Q3FY22 attrition rate was over 25%, and measures to bring this down will also be closely tracked.
#5 Financial Services was the single-biggest sector for Infosys in Q3FY22, contributing 31.5% to revenue. Retail in another important sector to track.
Infosys Q4 Results LIVE |
Kotak Institutional says the earnings before interest and tax (EBIT) margin is expected to decline 170 bps on-year to 22.8 percentand by 70 bps on-quarter.
Infosys Q4 Results LIVE Updates | Views from the Street
Motilal Oswal Financial Services says it expects “some moderation in growth as a high base in Q3FY22 will play out in Q4FY22.” Infosys may report a 2.8% sequential and 21% YoY growth in dollar revenue, to $4.37 billion, according to their estimates.
Infosys Q4 Results 2022 LIVE | Views from the Street
Revenue: "We forecast sequential revenue growth rate of 2% in constant currency terms, driven strength in discretionary client spends," Kotak Institutional Equities said in a report.
