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Brokerages largely reiterated their bullishness on IT services giant Infosys, believing that the tech player is best positioned among its large-cap peers.
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Infosys shares rose in trade after the IT major offered a resilient FY26 growth outlook, helping offset concerns around its weak Q4 numbers.
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Infosys is seeing strong adoption of generative AI, particularly in financial services, and is developing over 100 Gen AI agents for clients to enhance efficiency and cost optimisation
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Infosys reported a $2.5 billion large deal TCV in Q3, raised FY25 revenue growth guidance to 4.5-5 percent, and highlighted improved client sentiment amid growing focus on AI and cost optimisation.
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All eyes are on whether Infosys will raise or narrow its full-year revenue guidance as most analysts either expect an increase in guidance or narrowing of the guidance band.
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Infosys raised its FY25 revenue guidance to 3.75-4.5% in constant currency terms, an increase from the 3-4% range guided in the previous quarter.
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A ramp-up of mega deals, volume growth, the in-tech acquisition, seasonal strength, and a continued recovery in the BFSI vertical are expected to drive the topline growth.
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BNP Paribas expects an expansion in Infosys EBIT margin in Q1, supported by the reversal of one-off impacts but slightly offset by deal ramp-up costs.
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While some analysts and investors are still digesting the data and reading between the lines, here is a handy summary of the key trends which shaped India Inc’s Q3 show.
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The Nifty IT index is grappling to overcome the selling pressure emerging around the 36,000 mark. This hurdle must be surpassed to enter the next leg of upside, as per experts.
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Deal wins were robust across the board but the overall macroeconomic environment remains shaky in the major markets of the US and EU
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Infosys narrowed its revenue growth guidance for the full year at the upper end and has now guided for revenue growth of 1-2.5 percent for the full year
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Q2 Earnings: While the IT sector has witnessed an uptick in order inflow over the past two months, the slowdown in project-based business is expected to hamper overall industry growth.
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The domestic IT sector is bearing the brunt of a global slowdown, project cancellations, delays in decision-making process and reduction in small-scale and time-sensitive deals
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Net Sales are expected to increase by 6 percent Q-o-Q (up 23.4 percent Y-o-Y) to Rs. 36,537 crore, according to KR Choksey.
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The growth is expected to be broad based across verticals driven by strong momentum in digital transformation programs. However, the cross currency headwinds may drag the growth momentum to some extent.
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Kotak expects Infosys to maintain full year revenue growth guidance at 12-14 percent in constant currency terms and the EBIT margin band at 21-23 percent.
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Management commentary on large deals pipeline and deal closures would be important to gauge confidence on growth continuity and better predictability, says Emkay Global.
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Total contract values are expected to be little changed on a sequential basis. Supply-side challenges remain, but the demand outlook remains strong
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Infosys | The stock has given an 11 percent return since October 2021, which is largely similar to gains in the Nifty IT index during the same period but beat the benchmark Nifty50 that gained just 2.5 percent
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Healthy deal flows are likely to drive revenue growth even though December is generally a lean month due to year-end holidays
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The pandemic both disrupted business for India’s IT companies and opened up new opportunities as the need for digitisation grew globally. Deals, clients and hiring were among the key trends that shaped their performance in the quarter ended September.
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Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
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Net Sales are expected to increase by 5.3 percent Q-o-Q (up 19.5 percent Y-o-Y) to Rs. 29,367.9 crore, according to Prabhudas Lilladher.
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Kotak's estimates show the revenue of the company may grow 17.7 percent YoY while adjusted net profit may see a growth of 25.9 percent YoY.
