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Infosys: Significant growth acceleration in Q1 to 16.9% YoY and 4.8% QoQ


Infosys: Significant growth acceleration in Q1 to 16.9% YoY and 4.8% QoQ
ANI |
Updated: Jul 15, 2021 09:38 IST
Bengaluru (Karnataka) [India], July 15 (ANI/PRNewswire): Infosys a global leader in next-generation digital services and consulting, delivered a strong Q1 performance with year on year growth accelerating to 16.9 per cent and sequential growth increasing to 4.8 per cent in constant currency.
Large deal flows remained strong with TCV of $2.6 billion in Q1. Operating margin for the quarter was robust at 23.7 per cent, with Free Cash Flows growing by 18.5 per cent year on year.
42.1% YoY
Large deal signings
Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9 per cent year-on-year and 4.8 per cent quarter-on-quarter in constant currency. I am proud of our employees, who as One Infosys demonstrate resilience and commitment in deliverin ....

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BoM: Anaskar comes up with model draft proposal for UCBs


Maharashtra Urban Cooperative Banks Federation Chairman Vidyadhar Anaskar who doubles as the Chairman of Pune based Vidya Sahakari Bank has prepared a model draft proposal for UCBs for amending their Bye laws for constituting Board of Management.
Meanwhile, the draft has been submitted to the Reserve Bank of India for their approval. After the approval any UCB can adopt this without getting it approved by RBI.
In a telephonic communication with Indian Cooperative correspondent, Anaskar said, in a recent meeting held with top officials of RBI at Mumbai, we had informed them that despite extension of the deadline for constituting BoM I think it is not possible for RBI to approve the draft of each bank within six months. So, I suggested to them that Vidya Bank had prepared a model draft and submitted it to RBI for approval which could be replicated by other banks. The latter could do without framing their own”, he added. ....

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