Infosys (INFY) — concall transcript

📢 Key Event
Infosys tightens FY24 revenue guidance to 15-16% amid macro caution in Hi-Tech and telecom sectors.

🔄 What Changed
Revenue guidance narrowed from 14-16% to 15-16%; margin guidance tightened to 21-22% from prior range; large deal pipeline strengthened to $2.7 billion (54% net new).

🔮 What's Next
FY24 revenue growth guidance set at 15-16%; operating margin target maintained at 21-22%; no specific EPS or margin improvement deadlines disclosed.

💡 Investor Takeaway
Shareholders should note Infosys is prioritizing margin discipline and digital growth while cautiously expanding in Europe and the US amid sector-specific macro headwinds.

Infosys reported 18.8% YoY revenue growth to [amount not verified]trillion, with operating margin expanding 150 basis points to 21.5% driven by 70 BPS currency tailwinds, 90 BPS cost optimization, and 40 BPS subcontractor reduction. The company tightened FY24 revenue guidance to 15-16% and margin guidance to 21-22%, citing macro caution in Hi-Tech and telecom despite 30% Europe growth. A $2.7 billion large deal pipeline (54% net new) and Rs.9,300 crore share buyback underscore confidence, while digital revenue now represents 61.8% of total with 31.2% growth.

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About Infosys Ltd (INFY)

Information Technology · IT - Software · Listed on BSE

Market Cap: ₹4,62,239.38 Cr P/E: 15.4 ROE: 32.7% ROCE: 44.9% Div Yield: 4.21%

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🔥 Also filed on 30 September 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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