Infosys (INFY) — concall transcript

📢 Key Event
Infosys reports FY23 revenue growth of 15.4% constant currency and 21% operating margin, with Q4 growth slowing to 8.8% YoY due to sector-specific ramp-downs and onetime impacts.

🔄 What Changed
Operating margin guidance narrowed to 20-22% for FY24; Q4 revenue growth decelerated to 8.8% YoY; large deal pipeline remains robust at $9.8bn TCV with 40% net new; attrition trend turned declining.

🔮 What's Next
FY24 revenue growth guidance of 4-7% in constant currency; operating margin guidance of 20-22%; continued focus on margin improvement through automation, utilization and pricing strategies.

💡 Investor Takeaway
The company is prioritizing margin discipline and a strong large deal pipeline to navigate macro uncertainty while targeting 4-7% revenue growth in FY24.

Infosys reported FY23 revenue growth of 15.4% in constant currency, with digital contributing 62.9% of sales and operating margin at 21%. Q4 growth slowed to 8.8% YoY due to project ramp-downs in Telco, Retail, HiTech and Financial Services, plus onetime impacts. Management maintains FY24 revenue growth guidance of 4-7% in constant currency and margin guidance of 20-22%, citing a strong large deal pipeline and declining attrition.

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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 31 March 2023

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

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