Buy Infosys; target of Rs 1340: P Lilladher

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26 Aug, 2025 12:21

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Prabhudas Lilladher's report on Infosys
"Infosys’ Q1FY16 performance was ahead of expectation on all counts with FY16 USD revenue guidance being revised upward and Aspiration 2020 reiterated. Infosys’ initiatives over the last one year are showing some signs of early success. Moreover, Management didn’t pronounce the current quarter performance as inflexion point, but remained confident of achieving industry leading growth by FY17. We continue to expect the efforts to be translated into results in H2FY16. However, volatility in demand environment and macro challenges could spring negative surprises."

"FY16 USD revenue guidance has been revised upward to 7.2-9.2% YoY (from 6.2-8.2%) growth implying revenue CQGR of 2.3-3.5% QoQ over next three quarters. We expect momentum to accelerate as Infosys enters the strongest quarter putting lowdouble digit growth at sight. Management indicated seasonality impact on H2FY16 to be possibly lower than usual. We expect initiatives translating into improved growth momentum in FY16. Retain buy with a target price of Rs 1,340", says Prabhudas Lilladher research report.

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