Infosys Ltd. Brokerage/Research Reports, analyst Research Reports (2024)

Broker Report

INFOSYS LIMITED

Geojit BNP Paribas

Broker Report

Impressive quarter with promising growth prospects

KRChoksey

Infosys announced a strong start to FY25 with Q1FY25 results in line with our estimates.
Revenue in Q1FY25 grew to INR 393,150 Mn up 3.6% YoY (+3.7% QoQ) driven by growth in communication, Energy, Utilities, Resources & Services, and manufacturing segments; in line with our projections.

Broker Report

Result Update:Infosys

Axis Direct

In light of improved medium-term demand from a majority of verticals along with some improvement in utilizations, we expect Infosys to report better growth in FY25. Hence, we recommend a BUY rating on the stock

Broker Report

INFOSYS LIMITED

Prabhudas Lilladhar

Broker Report

Infosys Ltd

ICICI Direct

Broker Report

Infosys: Q1FY25 Result Review

IDBI Capital

Broker Report

Infosys (HOLD): Muted performance; weak discretionary delays recovery

BOB Capital Markets Ltd.

Cost optimisation/vendor consolidation to be the prime growth driver for Infosys in FY25

Broker Report

Infosys Ltd

ICICI Direct

Broker Report

Sustained revenue challenges and margin pressure

KRChoksey

Infosys announced relatively underwhelming Q4FY24 results, with revenue falling short of our expectations, while profits exceeded our forecasts largely on the back of substantial other income.
Revenue of INR 3,79,230 Mn (+1.3% YoY) was led by growth in the Communication (+4.2% YoY), Energy, Utilities, Resources & Services (+1.5% YoY), and Hi-Tech (+8.7% YoY) segments, although it fell short of our estimates by 3.2%.

Broker Report

Result Update:Infosys

Axis Direct

we recommend a SELL rating on the stock until uncertainties settle down.

Broker Report

Infosys: Q4FY24 Result Review

IDBI Capital

Broker Report

Disappointing Quarter; muted FY25 guidance

Emkay

Infosys reported a disappointing operating performance in Q4. Revenue
declined 2.2% QoQ in cc terms, falling short of our expectations. Weakness was
on account of persistent muted discretionary spending, along with a one-time
impact of ~100bps due to re-scoping & re-negotiation with a large BFSI client.

Broker Report

INFOSYS LIMITED

Prabhudas Lilladhar

Broker Report

Disappointing Quarter; muted FY25 guidance

Emkay

Infosys reported a disappointing operating performance in Q4. Revenue
declined 2.2% QoQ in cc terms, falling short of our expectations. Weakness was
on account of persistent muted discretionary spending, along with a one-time
impact of ~100bps due to re-scoping & re-negotiation with a large BFSI client.

Broker Report

Modest FY25 guidance to weigh on near-term returns

Motilal Oswal

INFO reported muted revenue of USD4.56b in 4QFY24, down 2.2% QoQ in
CC terms, below our estimated decline of 0.1% QoQ CC. The weak 4Q was
partially driven by a 100bp one-off hit from re-scoping part of work the
company does for a large BFSI client.

Broker Report

Conservative Guidance

Sharekhan

Infosys reported weak revenues at $4,564 million, down 2.2% q-o-q in CC terms, missing our estimate of $4,646 million. Revenue in rupee terms stood at Rs 37,923 crore, down 2.3% q-o-q/up 1.3% y-o-y.

Broker Report

Revenue growth remains modest; margins expected to stabilize

KRChoksey

Infosys recorded a revenue of INR 3,88,210 Mn, a growth of 1.3% YoY but a marginal decline of 0.4% QoQ. On a CC basis, revenue declined by 1.0% YoY and 1.0% QoQ.

Broker Report

Infosys: Q3FY24 Result Review

IDBI Capital

Broker Report

Infosys

Sharekhan

Broker Report

Result Update:Infosys

Axis Direct

Recommendation: In light of demand challenges in the medium term and supply-side constraints, we expect Infosys to report sluggish growth in FY24. Hence, we recommend a SELL rating on the stock until uncertainties settle down.