Infosys Q4 Results LIVE | “With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunity”, Salil Parekh added.
Infosys Q4 Results LIVE | Digital revenues came in at 59.2 percent of total revenues, which marks a year-on-year growth of 38.8 percent., Infosys said.
“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, said Salil Parekh, CEO and MD.
Infosys Q4 Results LIVE Updates | The revenue, which came in at Rs 32,276 crore, was up 20 percent year-on-year and 1.2 percent quarter-on-quarter.
Infosys Q4 Results LIVE | "Sustained momentum in FY22, large deal wins and robust deal pipeline give us comfort to provide guidance of 13-15% in FY23," Infosys CEO Salil Parekh said. "Will scale cloud capacities further, expand automation and strengthen employee value proposition," he added.
Infosys Q4 Results LIVE | The profit, which came in at Rs 5,686 crore, is 12 percent higher as compared the corresponding period in the previous financial year.
Infosys Q4 Results LIVE | The company announced that it will pay Rs 16 per share as the final dividend.
Infosys Q4 Results LIVE | Infosys' Q4 net profit comes in at Rs 5,686 crore, revenue at Rs 32,276 crore.
Infosys Q4 Results LIVE | Motilal Oswal forecasts a profit of Rs 6,080 crore with on-year growth of 19.6 percent and sequential growth of 4.5 percent. Emkay Research pegs profit at Rs 6,010 crore. Kotak is the most conservative and forecasts a profit of Rs 5,750 crore, which is an on-year growth of 13.4 percent. Sequentially, however, it sees profit declining marginally by 90 bps.
Infosys Q4 Earnings Preview | Profit may grow 15-20 percent on year; Revenue likely to increase 24 percent
Experts expect the company to report a profit of Rs 5,950 crore on revenue of Rs 32,700 crore in the fourth quarter.
Infosys Q4 Results LIVE | Investor Focus
Street is expecting Infosys to provide annual revenue and margin guidance for FY23. “We expect modest growth guidance of 11-13% that implies 1.5-2.5% revenue CQGR (compounded quarterly growth rate) for four quarters of FY23,” according to Kotak.
Infosys Q4 Results LIVE | Factors At Play
#1 The revenue growth guidance for FY23 will be closely tracked. 'Modest growth guidance of 11-13%' being projected by Kotak Instituional Equities.
#2 Kotak Institutional is expecting the margins to decline 170 bps YoY to 22.8%, and by 70 bps QoQ. Supply-side challenges are the key reason.
#3 ICICI Securities note said they will be closely watch the Daimler deal ramp up and traction in digital.
#4 Infosys' Q3FY22 attrition rate was over 25%, and measures to bring this down will also be closely tracked.
#5 Financial Services was the single-biggest sector for Infosys in Q3FY22, contributing 31.5% to revenue. Retail in another important sector to track.
Infosys share price rises ahead of Q4 earnings, Jefferies maintains 'buy'
Foreign research house Jefferies has maintained buy call on the stock with a target at Rs 2,135 per share.
Infosys Q4 Results LIVE Updates | Net profit comes in at Rs 5,686 crore, revenue at Rs 32,276 crore - Moneycontrol
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