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Infosys: Accelerated Double Digit Growth of 12.4%; Highest Ever Large Deal TCV at $ 2.7 Bn

12.07.2019
Bengaluru, India (ots/PRNewswire) - "We had a strong start to FY 20 with constant currency growth accelerating to 12.4% on year over year basis and digital revenue growth of 41.9%. This was achieved through our consistent client focus and investments which have strengthened our client relationships," said Salil Parekh, CEO and MD. "Consequently, we are raising our revenue guidance for the year from 7.5%-9.5% to 8.5%-10%."
41.9% YoY
12.4% YoY 2.8% QoQ 20.50% $2.7 bn Digital CC growth CC growth CC growth Operating margin Large deal signings
* Q1 20 revenues grew year-on-year by 10.6% in USD; 12.4% in constant currency
* Q1 20 revenues grew sequentially by 2.3% in USD; 2.8% in constant currency
* Q1 20 Digital revenues at $1,119 million (35.7% of total revenues), year-on-year growth of 41.9% and sequential growth of 8.6% in constant currency
* Increased FY 20 revenue growth guidance range to 8.5%-10% in constant currency
* Maintained FY 20 operating margin guidance range of 21%-23%
1. Financial Highlights - Consolidated results under International Financial Reporting Standards (IFRS)
Revenues were $3,131 million, growth of 10.6% YoY and 2.3% QoQ
Operating profit was $642 million, decline of 4.2% YoY and 2.3% QoQ. Operating margin was 20.5%.
"We had a good quarter as we continue to leverage our digital navigation framework to help our clients build and nurture their live enterprise," said Pravin Rao, COO. "Large deal TCV was highest ever at $2.7 bn. Segment growth was robust with all large regions and most verticals growing at double digits yoy in constant currency."
Digital press kit: http://www.ots.at/pressemappe/PR38775/aom
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