Quote on Infosys Q1FY22 results by Mr. Piyush Pandey, YES SECURITIES
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Below are Quote on Infosys Q1FY22 results by Mr. Piyush Pandey, Lead Analyst – Institutional Equities, YES SECURITIES
Infosys Q1FY22: First cut- Revenue growth slightly better than expected at 4.7% QoQ in USD terms with cc growth at 4.8% QoQ.Growth was broadbased with some softness in Communication segment.
EBIT margin down 80 bps QoQ to 23.7% due to higher employee and sub contracting cost.
Sequential PAT growth was muted due to higher tax outgo and higher employee cost.
Large deal win remained strong at $2.6 bn.
Utilisation including trainees was up 100 bps QoQ to 83.2%.
LTM attrition has increased by 300 bps QoQ.
Added net 8000 employees during the quarter
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