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Axis Securities Report
Infosys Ltd.’s deal-wins for FY22 remained strong with 94 large deals totalling $9.5 billion, manifesting the company’s deep client engagement throughout the year.
The company reported industry-leading revenue growth of 21% in FY22. It also reported healthy expansion in its operating margins driven by higher offshoring, efficient utilisation, lower attrition, and superior service mix.
In view of robust deal wins, the Infosys management has issued guidance of strong revenue growth of 13%-15% (constant currency terms) in FY23.
It has also guided for an operating margin of 21%- 23% in FY23, aided mainly by higher offshoring and a richer service mix.
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