About the Company:
Infosys is a global leader in next-generation digital services and consulting. With over three decades of experience in managing the systems and workings of global enterprises. The Company’s always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from their innovation ecosystem.
QoQ & YoY Performance:
India’s one of the leading IT Company has declared the results for its last quarter of the fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company stood at Rs. 23,267 crores, went marginal up by 0.76% in March quarter 2020. Total expenditure (excluding interest and depreciation expenses) is Rs. 17,591 crores was marginally up by 1.74%. EBITDA numbers down by 5.10%.
- YoY Performance: The Company has reported jumped by 8.02% in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company increased to 7.33%. EBITDA numbers climbed to 8.19%.
- Profitability of the company: Net profit of the company raised to 13.65% to Rs 4,564 crore YoY as against Rs 4,016 crore during the previous period.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs. 652.90 per share, up by 3.75%. The company has posted healthy quarterly numbers compared to yearly numbers. However, the company posted Dollar revenue slipped by 1.4% quarter-on-quarter to $3,197 million during January-March period of FY20, with profit falling 5.7% to $590 million QoQ. Also, the company missed FY20 revenue growth in constant currency was 9.8% and 8.3% in dollar terms due to lockdown in major parts of the world led by the spread of deadly coronavirus. Hence, we recommend it to ‘HOLD’.