Infosys Share price: CLSA says Results in Q3 FY21 indicate improved confidence on margin defence, target raised to Rs 1620
Infosys Share price: Infy reported a strong US $5.2bn in net new large-deal wins in Q3 FY21 that positions it well for 15% US$ revenue growth in FY22. Management expects to offset associated margin headwinds from transition costs and passthrough revenue in such deals via a combination of operating leverage and improved profitability in previously won deals. CLSA pulled back their conservative FY22/23 margin stance, raising EPS estimates 4/5%.
CLSA reiterates BUY rating on Infosys and raises their target price to Rs 1620 from Rs 1480: Reuters