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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Infosys Ltd.’s constant currency revenues increased 7% QoQ while $ revenues increased 6.3% QoQ to $4,250 million. Reported Ebit margins declined ~10 basis points QoQ to 23.5% amid supply side pressures.

Revenue growth was across geographies and verticals. In terms of geographies, revenue growth was led by Europe, which grew 27.2% YoY, followed by North America, which grew 21.4% YoY in CC terms.

In terms of verticals, growth was led by banking, financial services and insurance, retail, communication, which grew 15.5%, 19.8% and 22.2% YoY, respectively, in CC terms.

Digital revenues increased 41.2% YoY and now accounts for 58.5% of overall revenues. In terms of large deal pipeline, it was up 17.7% QoQ to $2.53 billion.

Going forward, Infosys has further revised revenue growth guidance to 19.5-20% from earlier 16.5-17.5%, which represents strong growth potential despite a robust FY21 performance.

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