“Infosys, results have been above estimates. While the volume growth was in line, average realization increase has come as a positive surprise. On the other hand, margins have come in slightly below estimates.
We believe that, the company should be able to do better than the guidance given for FY14, which, we feel, is conservative. The company has reported consistent revenue growth performance over the past couple of quarters and it has levers to improve margins further from current levels. To that extent, we expect the valuations to improve from the current levels.”
Dipen Shah, Head of Private Client Group Research, Kotak Securities
We believe that, the company should be able to do better than the guidance given for FY14, which, we feel, is conservative. The company has reported consistent revenue growth performance over the past couple of quarters and it has levers to improve margins further from current levels. To that extent, we expect the valuations to improve from the current levels.”
Dipen Shah, Head of Private Client Group Research, Kotak Securities
