According to Mahantesh Sabarad, the guidance revision by Infosys is not expected to lead to a significant decline in EPS estimates, but it may delay expectations from the company. Analysts are likely to adjust their estimates, resulting in a similar target price. Sabarad does not anticipate major upgrades in EPS or target prices from analysts. The valuation of Infosys may be capped at 21-22 times forward earnings, and there may be a slight downgrade due to concerns about future delivery.
India s second-largest software services firm Infosys on Sunday posted a 3.2 per cent year-on-year rise in consolidated net profit to Rs 5,360 crore for the April-June quarter. Infosys Q1 FY23 Results: Profit Up 3.2% to Rs 5,360 Crore; IT Company Raises FY23 Revenue Guidance to 14–16%.
Moneycontrol Exclusive | Infosys CEO Salil Parekh: Growth momentum will continue in near-term
Infosys CEO Salil Parekh is optimistic that the software firm could grow its revenues in double digits in the near-term on the back of tremendous demand for digital and cloud capabilities. This is especially as customers turn to technology to drive their businesses and growth. Hear him out in this exclusive interview to Chandra R Srikanth on Moneycontrol.
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Amidst the war for talent in the IT industry in the current demand environment, Infosys CEO Salil Parekh said the company will do everything to support employees. Listen in to what he had to say
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