Infosys Q3 Results Review - Well Positioned In A Challenging Macro: IDBI Capital
In terms of macro, the company is seeing challenges in mortgage and investment banking, retail and hi tech.
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.
IDBI Capital Report
Infosys Ltd. reported healthy set of Q3 FY23 numbers leading to upward revision in its revenue guidance to 16-16.5%. In terms of macro, the company is seeing challenges in mortgage and investment banking, retail and hi tech.
In terms of geography Infosys is seeing pressure in Europe. However, the company is seeing traction in energy and utility and manufacturing. We believe the company will be key beneficiary of vendor consolidation opportunities ($115 billion over next 2.5 years) and cost take out opportunities.
This coupled with healthy large deal wins and pipeline prompt us to believe that the company will surpass FY23E guidance and will register 10.6% compound annual growth rate revenue growth over FY22-25E. In addition, we expect margins to improve from here on.
Click on the attachment to read the full report:
This 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.