Buy Infosys; target of Rs 1330: Motilal Oswal

Motilal Oswal's research report on Infosys

On its Analyst Day, INFO's new CEO Mr Salil Parekh shed more light on the four pillars of its strategic plan: [1] scaling agile digital, [2] energizing the core, [3] re-skilling people and [4] expanding localization of talent. INFO's well-articulated strategy in digital, sales, talent re-skilling and localization, coupled with the USD2.79b base of digital revenues, provides a good base to kick-off its next innings. With previous distractions behind, INFO's focus is back on execution.

Outlook

Its investments in sales & marketing will focus on six imperatives: [1] branding, [2] injecting digital specialists into accounts, [3] scaling large accounts, [4] shaping large deals, [5] acquiring new accounts and [6] enabling sales via continuous anytime-anywhere learning. We maintain our Buy rating on INFO with a price target of INR1,330 (16x FY20E earnings). For all recommendations report, click here

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