InvestorQ : What is your quick view on the Infosys quarterly results?
Dawn Cherian made post

What is your quick view on the Infosys quarterly results?

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Mitali Bhutta answered.
8 months ago
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Infosys reported growth in revenues as well as net profits for the fourth quarter ended Mar-21 despite the profits being slightly lower on a sequential basis compared to the Dec-20 quarter. The real growth traction was visible in the digital space with the digital revenues accounting for 51.5% of total sales revenues compared to just about 41% last year. Infosys maintained margins at around 24%, again lower sequentially by about 100 basis points.

The big news was that Infosys announced the much-anticipated buyback of shares to the tune of Rs.9,200 crore at a maximum buyback price of Rs.1,750. This buyback price represents a 25% premium to CMP. That should be value accretive for existing shareholders. In terms of guidance, Infosys expects revenue growth of 12-14% and operating margins in of 22-24%. Attrition was surprisingly higher in Q4 at about 15% compared to 10% median rate.

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