Infosys: Significant growth acceleration in Q1 to 16.9% YoY and 4.8% QoQ

Bengaluru , India (ots/PRNewswire) – – Large deal momentum strong with $2.6 bn TCV.

– Revenue guidance for FY22 revised to 14%-16%.

– Margin guidance retained at 22%-24%

Infosys (NSE: INFY) (BSE: 500209) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered a strong Q1 performance with year on year growth accelerating to 16.9% and sequential growth increasing to 4.8% in constant currency. Large deal flows remained strong with TCV of $2.6 billion in Q1. Operating margin for the quarter was robust at 23.7%, with Free Cash Flows growing by 18.5% year on year.

42.1% YoY

CC Digital growth

16.9% YoY
4.8% QoQ
CC Revenue growth

23.7%

Operating margin

22.6% YoY
Increase in EPS
(INR terms)

$2.6 bn

Large deal signings

„Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9% year-on-year and 4.8% quarter-on-quarter in constant currency. I am proud of our employees, who as ‚One Infosys‘ demonstrate resilience and commitment in delivering for our clients. This gives us confidence to increase our revenue growth guidance to 14%-16%“, said Salil Parekh, CEO and MD. „As Infosys completes forty remarkable years, its continuing success and global impact are a testament to the vision of the founders and all the leaders who have shaped the company,“ he added.

1. Key highlights for the quarter ended June 30, 2021

* Revenues in CC terms grew by 16.9% YoY and 4.8% QoQ

* Reported revenues at $3,782 million, growth of 21.2% YoY

* Digital revenues at 53.9% of total revenues, YoY CC growth of 42.1%

* Operating margin at 23.7%, increase of 1.0% YoY and decline of 0.8% QoQ

* Basic EPS at $0.17, growth of 26.1% YoY

* FCF at $863 million, YoY growth of 18.5%; FCF conversion at 122.3%
of net profit

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