Tuesday, July 13, 2021

KEEP EYE ON INFOSYS STOCK RESULT

"BUY INFOSYS FUT 2 LOTS  ABOVE 1555  TARGET 1575/1600 SL 1525"

Tomorrow IT major infosys will release its earnings for the first quarter ended June 2021.We expect the IT firm to report strong earnings growth during the quarter and to revise full-year revenue growth forecast upward. We forecast sequential revenue growth rate of 4.5 % in constant currency driven by higher billing days and seasonal strength, the ramp-up of large deals, and higher spending across all major verticals. Infosys to raise FY22 revenue growth guidance to 13-15 % in constant currency terms from 12 % earlier, while we expect the same to be revised to 14% Both the brokerage feels the company will maintain EBIT margin growth guidance at 22-24%."Infosys is strongly positioned with FY21 deal total contract value at $14.1 billion with 66 % net new deals. We expect strong pick up in TCV & strong commentary for the deal pipeline.
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