"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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