Infosys Posts Strong 1Q on Back of Digital Growth; Raises Growth Outlook; Shares at a Premium
We were surprised by the strength of Infosys’ first-quarter performance with the firm posting healthy low-teens revenue growth and recording its highest ever large deal with a total contract value of $2.7 billion. The first quarter was a validation of Infosys’ improving position within the digital services market as the company signed 13 key large deals across multiple industries while announcing industry-leading digital services growth of 41.9% year over year in constant currency. To that end, ...
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