HotViews Archive

Skip Navigation Links.
Collapse 2019 (36)2019 (36)
Collapse April (36)April (36)
Insurtech Cytora secures £25m Series B funding
18 Apr 2019
Credit Kudos secures £2.2m in funding
18 Apr 2019
'An Evening with TechMarketView' Early Bird ticket sales close in less than two weeks
18 Apr 2019
*NEW RESEARCH* BJSS: Putting relationships at its heart
18 Apr 2019
Funding Circle highlights strong revenue growth
18 Apr 2019
*UKHotViewsExtra* Agilisys triumphant at States of Guernsey
18 Apr 2019
Digital shipbroker Zencargo Raises $20m
18 Apr 2019
Mindtree hits $1 billion
18 Apr 2019
Innovation, efficiency, visibility - the benefits of a simplified data protection strategy
18 Apr 2019
*UKHotViewsExtra* Advanced boosts app mod potential with Modern Systems acquisition
17 Apr 2019
IBM’s Q1 marks third quarter of consecutive decline
17 Apr 2019
Breezy HR acquisition for LTG
17 Apr 2019
Universe overcomes setback to deliver
17 Apr 2019
Hack casts a cloud over Wipro results
17 Apr 2019
r8 raises $5m and plots an early IPO
17 Apr 2019
NETFLIX shares down as it faces increased competition
17 Apr 2019
DON'T MISS OUT ON THE SERIES A GROWTH CHALLENGE!
17 Apr 2019
Topping the global rankings for 'inward investment' is not such a 'good thing'
16 Apr 2019
New CEO at Unit4: Mike Ettling
16 Apr 2019
Medbelle secures $7m to expand healthcare services
16 Apr 2019
*UKHotViewsExtra* New Parity CEO, Bayfield, making his mark
16 Apr 2019
Telit grows revenue 14%, shrinks losses
16 Apr 2019
HR platform Howamigoing raises £1.1m
16 Apr 2019
NHS introduces new digital services
16 Apr 2019
Manx snaps up Synapse 360
16 Apr 2019
Kainos set to make it nine in a row
16 Apr 2019
Salesforce.com buying philanthropic reseller Salesforce.org
16 Apr 2019
Innovation, efficiency, visibility - the benefits of a simplified data protection strategy
16 Apr 2019
Quiet confidence from cautious Sanderson Group
15 Apr 2019
Crossword starts strong from small base
15 Apr 2019
Early Bird ticket sales close at the end of April - Don't miss out!
15 Apr 2019
Infosys finishes with a flourish
15 Apr 2019
TCS breaks through the $20bn a year mark
15 Apr 2019
NTT's itelligence expands SAP capabilities with Weaveability
15 Apr 2019
European technology sector M&A activity holds strong
15 Apr 2019
HAVE YOU RISEN TO THE SERIES A GROWTH CHALLENGE?
15 Apr 2019

UKHotViews©

 

Monday 15 April 2019

Infosys finishes with a flourish

LogoBangalore-based offshore services major Infosys beat the top end of its most recent guidance (see here) to deliver 9% constant currency revenue growth for FY19 (the twelve months to 31st March). A yoy increase in Q4 sales of over 11% helped lift annual turnover to $11.8b. Operating margin for the year, however, eased back 150 bps against FY18 to 22.8%.

Overall, CEO Salil Parekh has much to be happy about at the end of his first full financial year at the helm (see here). Digital services revenues surged ahead by over 40% during FY19 and now represent more than a third of total turnover. Of concern, however, is the level of annualised employee attrition. This continues to track northwards and now sits at over 20%, almost double the rate achieved by peer group leader TCS over the same period.

From a geographic perspective. Europe was the best performing region increasing its revenues by just shy of 10% compared with FY18. Quarterly yoy growth comparisons here have, however, dropped progressively through the year from a high of 15.8% in Q1 to just 5.6% in Q4. Conversely North America, which accounts for over 60% of Infosys’s turnover world-wide, saw momentum build through FY19 with sales up 12.4% yoy in the final quarter.

Looking ahead, the company is expecting more of the same in FY20 with revenue growth in the range of 7.5%-9.5% in constant currency and operating margin in the range of 21%-23%. Infosys senior management both believes that its investments have started yielding benefits and plans to deploy various measures to improve operational efficiency across the business during the coming months. The latter will be important if the firm is to reverse the continuing decay in operating margin of the past three years.

Posted by Duncan Aitchison at '09:13' - Tagged: results   offshore  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2019: Unauthorised reproduction prohibited see full Terms and Conditions.