INSUBCONTINENT EXCLUSIVE:
Q3 show:
Revenue guidance increasedInfosys increased FY20 revenue guidance to 10-10.5 per cent in constant currency terms
Earlier in September quarter earnings, the company had increased the lower end of FY20 revenue guidance to 9-10 per cent in constant
Meanwhile, the IT major maintained operating margin guidance range for the financial year in the 21-23 per cent range
same quarter last year, which beat Street expectations
Analysts in an ET NOW poll had estimated the number at Rs 4,204.50 crore
Digital revenue surgesDigital revenues for the October-December quarter grew 40.8 per cent year-on-year and 6.8 per cent sequentially in
constant currency terms to $1,318 million
Digital revenue now constitutes 40.6 per cent of total revenues, a significant jump from 31.5 per cent reported for the same quarter last
On the other hand, revenue from the core sector slipped 5.8 per cent YoY to $1,925 million.
Large wins at $1.8 billionInfosys said its large
deal wins were at $1.8 billion
However, this was far behind $2.8 billion deal wins reported for the September quarter
It now has 1,384 active clients
During the October-December period, it added one $100 million-plus client, four $10 million-plus and 12 $1 million-plus clients
Major names onboarded included Telenet, Siemens Gamesa Renewable Energy, Volvo Cars and Services Australia.
Dependency on North America
It earned 61.3 per cent from the region, up from 60.4 per cent in the same quarter last year
This comes at the expense of revenue share from rest of the world (excludes North America, Europe and India) which slipped to 1.5 per cent
from 12.8 per cent.
No merit in whistleblower chargeThe audit panel of Infosys said that the allegations made against the company by
whistleblower are substantially without merit.
The audit committee concluded that no restatement of previously announced financial
statements or other published financial information is warranted
contained in the anonymous whistleblower complaints the company disclosed on October 21 last year.