YES Securities' research report on Infosys
Infosys (INFO) reported broadly inline performance for the quarter. The revenue growth was above estimates; while EBIT margin was inline with expectation. It reported increase in revenue by 2.3% QoQ in cc terms. Revenue grew by 2.2% QoQ in USD terms (up 2.8% QoQ in INR terms). EBIT margin improved by 42 bps QoQ to 21.2% on lower SG&A cost in the quarter. Reported Large deal wins of $7.7bn vs $2.3bn in Q1FY24.
Outlook
We maintain our BUY rating on the stock with revised target price of Rs 1,838/share at 25.5x on FY25E EPS. The stock trades at PER of 24.4x/20.3x on FY24E/FY25E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
