Infosys, a global leader in next-generation digital services and consulting, delivered its highest Q3 sequential growth of 5.3% in 8 years in constant currency. On a year on year basis, Infosys revenues grew by 6.6%, digital revenues grew by 31.3% and overall digital revenue crossed more than half of total revenues. Infosys large deal TCV was at an all time high of $ 7.13 bn with 73% being net new. Margins are strong and steady at 25.4%. Infosys revenue and margin guidance band increased to 4.5%-5.0% and 24.0%-24.5% respectively on the back of continued strong performance.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Infosys Q3 FY21 Results Highlights:

See Zee Business Live TV Streaming Below:

1) Q3 revenues grew yoy by 8.4% in USD; grew by 6.6% in constant currency
2) Digital revenues cross 50% of total revenue, yoy growth of 31.3% in constant currency
3) Q3 operating margin at 25.4%, yoy increase of 350 bps
4) Robust Q3 net profit at $705 million, yoy growth of 12.6%
5) Continued strong Q3 free cash flow at $772 million, yoy growth of 15.1%; FCF conversion at 109.0% of net profit
6) Q3 voluntary attrition for IT services declined to 10.0% from 15.8% in Q3 20
7) Year-to-date revenues grew by 3.5% in constant currency
8) Year-to-date operating margin at 24.5%, an expansion of 310 bps
9) FY 21 revenue growth guidance increases to 4.5%-5.0% in constant currency
10) FY 21 operating margin guidance increases to 24.0%-24.5%

Salil Parekh, CEO and MD said that the Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry. The scale of new client partnerships with leading global companies such as Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys. The commitment and skills of our employees to support and drive the digital journey of clients are matters of great pride for me. With the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, he remains confident about the future of Infosys.