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Infosys Q3: Clean chit on whistle-blower complaint and healthy financials pave the way for rerating

The stock offers great value at the current level

January 13, 2020 / 06:05 PM IST
Infosys Q3: Clean chit on whistle-blower complaint and healthy financials pave the way for rerating

Highlights - Clean chit on whistle blower’s complaint - Stellar growth in digital - A small improvement in margin - Upward revision of revenue guidance - Softness in BFSI and retail - Valuation discount to TCS to narrow, see strong near-term upside The key takeaway from Infosys’s Q3 FY20 results does not pertain to the numbers but to the report of the audit committee that examined an anonymous whistle blower’s complaints. The committee determined that there was no evidence of any financial impropriety or executive misconduct. This removes...

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