InvestorQ : What is your take on the quarterly results of Infosys for Jun-21 quarter?
swati Bakhda made post

What is your take on the quarterly results of Infosys for Jun-21 quarter?

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Sam Eswaran answered.
4 months ago
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While the solid numbers of Infosys were largely along expected lines, the real positive surprise came from the Infosys guidance. In fact, Infosys surprised the market on 14 July by raising its revenue growth guidance for FY22 to the range of 14-16%. This is nearly 200 bps higher than the original guidance for revenue growth provided by the company in the range of 12% to 14%. Now let me move over to the actual financial numbers.

For Jun-21 quarter, Infosys reported net profits of Rs.5,195 crore; higher by 23% on yoy basis and also 2.3% sequentially, compared to Mar-21 quarter. During the quarter, revenues were reported higher by 17.9% at Rs.45,411 crore. The June quarter represents the best growth for Infosys in decades. The big news was its $2.6 bn deal value during the quarter. Currently, Infosys trades at 22X P/E, which is a 5% discount to TCS on FY24 earnings.

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