Infosys Q2 Results Review - Guidance Intact But Ask Rate Conservative In View Of Macro: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Infosys Ltd. reported revenue growth of 4.0% QoQ in constant currency terms (our estimate: 4.5%). Financial services and retail saw moderate growth of 2.2%/0.4% respectively, reflecting pockets of slowness in mortgage and fashion and general merchandisers. Manufacturing grew 8.4% QoQ on smart product/ smart factory theme. Operating profit margin expanded 149 bps QoQ at 21.5% (our estimate: 21.0%), with contribution from forex (up 70 bps), cost optimisation (up 90 bps), and gains from lower subcon that covered up for senior employee compensation hike impact.Infosys announced dividend of Rs 16.5 and buyback size of Rs 93 billion at a maximum price of Rs 1,850/share – thus exceeding committed payout.Riding through volatile macros beyond FY23 will be challenging and likely to see moderation in financial performance, though management commentary remains optimistic..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Infosys Q2 Results Review - Guidance Intact But Ask Rate Conservative In View Of Macro: Dolat Capital

Infosys' management remains optimistic on riding volatile macros beyond FY23.

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