Diwali Dhamaka - Infosys

Buy - INFY

CMP (NSE) 15:55, 24 May

1,441.00 -27.4-1.87%

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Sector

Information Technology

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Reco. Price

1,700

Period

12-Months

Target Price

2,080

upside

%

Stop Loss

0

Last updated on

03 Nov, 2021

Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation.

Broad based growth as Infosys reported US$ revenue of 4bn, a growth of +6.3% cc QoQ/+19.4% cc YoY − the fastest YoY revenue growth in 11 years.

Led by strong deal wins of US$2.15bn in 2QFY22 (37% net new; TTM +67% YoY), a robust demand environment and the healthy deal pipeline, Infosys has raised its FY22 revenue growth guidance for a second time in the fiscal, ranging at 16.5-17.5% cc YoY (from 14-16% cc YoY earlier).

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