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Things on ground are far better than gloom&doom predictions by naysayers
Amidst euphoria over #Google's investment in #Jio,let's not forget stunning results by #Infosys
Infy saw 8.5% YoY rise in revenues to Rs 23665Cr in Q1FY21
Operating margin rose to 22.7%,beating consensus!
Amidst euphoria over #Google's investment in #Jio,let's not forget stunning results by #Infosys
Infy saw 8.5% YoY rise in revenues to Rs 23665Cr in Q1FY21
Operating margin rose to 22.7%,beating consensus!
Rise of 150bps in OPM,is great news
EBIT too was up 8.9% QoQ
Clearly,huge deal wins of $1.74 bn in June qtr,Vs 1.65bn in previous qtr,showcase how #Infosys beat #Covid blues
Digital revenue at $1,389 mln in 1QFY21,Vs $1,341 million QoQ, bodes well
Profit up 11.5%,@ 4233Cr YoY
EBIT too was up 8.9% QoQ
Clearly,huge deal wins of $1.74 bn in June qtr,Vs 1.65bn in previous qtr,showcase how #Infosys beat #Covid blues
Digital revenue at $1,389 mln in 1QFY21,Vs $1,341 million QoQ, bodes well
Profit up 11.5%,@ 4233Cr YoY
Revenues in dollar terms fell 2.4% QoQ to $3121mln,but was lower than 5% QoQ decline,estimated by analysts
Strong guidance by management, predicting OPM in 21-23% range,for FY21,good sign
Unrelated +ve: India's $0.8bn trade surplus in June qtr,Vs $3bn deficit in March
#Infosys
Strong guidance by management, predicting OPM in 21-23% range,for FY21,good sign
Unrelated +ve: India's $0.8bn trade surplus in June qtr,Vs $3bn deficit in March
#Infosys
Interesting how big Indian companies are Deleveraging
#Reliance raised or sealed deals for 152000Cr+ in last few months,to become #ZeroDebt company and this,despite #Aramco deal,in limbo
#Infosys,is zero debt too,with good $3.6bn in cash,post results for 1QFY21 y'day
#Economy
#Reliance raised or sealed deals for 152000Cr+ in last few months,to become #ZeroDebt company and this,despite #Aramco deal,in limbo
#Infosys,is zero debt too,with good $3.6bn in cash,post results for 1QFY21 y'day
#Economy
#TCS, saw revenue falling 4.1% QoQ,to 38322Cr
Dollar revenue fell 7% to $5060 mln
Operating profit fell 9.7% to Rs 9432 Cr&OPM fell to 23.6% from 25.1%
Clearly, #Infosys scored over TCS big time,in June qtr
Good bit is,despite #Covid,deal wins for TCS,stood at a solid $6.9bn
Dollar revenue fell 7% to $5060 mln
Operating profit fell 9.7% to Rs 9432 Cr&OPM fell to 23.6% from 25.1%
Clearly, #Infosys scored over TCS big time,in June qtr
Good bit is,despite #Covid,deal wins for TCS,stood at a solid $6.9bn
