Infosys – A strong quarter of execution undeterred by supply challenges
We see a strong highway of growth and recommend adding Infosys in every decline
October 14, 2021 / 11:41 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Technology is presenting unprecedented opportunities to IT companies, and it is heartening to see the execution engine running full throttle amid tremendous supply-side pressure as demand for talent far outstrips supply. This was the central theme of the earnings report of Infosys (CMP: Rs 1709.2, Market Cap: Rs 7,27,962 crore) as well. Robust broad-based revenue acceleration, operational efficiencies shielding margin despite supply challenges, and strong commentary on demand, which prompted Infosys to revise upwards its guidance, were the highlights...