Infosys Q1FY22RU - First cut by YES SECURITIES

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

Shares of INFOSYS LTD. was last trading in BSE at Rs.1576.9 as compared to the previous close of Rs. 1544.9. The total number of shares traded during the day was 181724 in over 7258 trades.

The stock hit an intraday high of Rs. 1582.4 and intraday low of 1538.25. The net turnover during the day was Rs. 283783338.

Source : Equity Bulls

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