Tuesday, July 21, 2015

5.4% volume growth by #Infosys best in the past 19 quarters

India's second biggest outsourcer Infosys has reported dollar revenues growth of 4.5 per cent over the previous quarter, while volumes jumped 5.4 per cent sequentially, the highest in 19 quarters.

Views on Infosys Q1FY16 results Kotak Securities:
“Infosys’ results beat our estimates on the revenue front, with margins coming in line with estimates. The highlight of the results was the strong CC revenue growth of 4.4, led by volume growth of 5.4%. The volume growth was the best in the past 19 quarters.

Infosys has achieved significant progress in its quest of ‘New and Renew’ with extensive training of employees and implementation of projects in emerging areas including Design Thinking, Artificial Intelligence and Automation. On the other hand, the reorganization of the client-facing initiatives is leading to deeper penetration among the large clients while increasing to the client count as well.

These investments should help Infosys sustain and improve growth rates in the future while sustaining margins it its stated band. We maintain our positive stance on Infosys.”