Robust Performance; Capitalising On Strong Demand To Sustain Growth: Axis Securities

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Infosys Ltd.’s deal-wins for FY22 remained strong with 94 large deals totalling $9.5 billion, manifesting the company’s deep client engagement throughout the year.

The company reported industry-leading revenue growth of 21% in FY22. It also reported healthy expansion in its operating margins driven by higher offshoring, efficient utilisation, lower attrition, and superior service mix. 

In view of robust deal wins, the Infosys management has issued guidance of strong revenue growth of 13%-15% (constant currency terms) in FY23.

It has also guided for an operating margin of 21%- 23% in FY23, aided mainly by higher offshoring and a richer service mix.

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