HotViews Archive

Skip Navigation Links.
Collapse 2019 (49)2019 (49)
Collapse July (49)July (49)
IFS on rapid trajectory
19 Jul 2019
Microsoft pulled another big year
19 Jul 2019
WNS Q1 sees UK resilience but currency headwinds
19 Jul 2019
BT links Schindler’s lift
19 Jul 2019
*UKHotViewsExtra* Did HPE make a success of the RedPixie acquisition?
19 Jul 2019
Book your place for an Evening with TechMarketView!
19 Jul 2019
Serco settlement rescues Capita MoD Fire service deal
19 Jul 2019
Memorial Service for Dr Doug Eyeions
18 Jul 2019
Value from visualisation secures Zegami fresh funding
18 Jul 2019
SAM Labs secures $8.9m to scale US operations
18 Jul 2019
Workmanlike Q2 for SAP
18 Jul 2019
System C secures Walsall healthcare deal
18 Jul 2019
Moneysupermarket.com reinvents for growth
18 Jul 2019
We choose to go to the moon...
18 Jul 2019
*NEW RESEARCH* Social Energy - transforming energy markets with AI
18 Jul 2019
£106m awarded to Police Transformation Fund projects
18 Jul 2019
Firstsource looks to Cognizant for digital leadership
18 Jul 2019
IBM cranks the quarterly profit wheel
18 Jul 2019
Temenos banks on explainable AI with Logical Glue
18 Jul 2019
Netflix shares slump as US subscribers desert
18 Jul 2019
European growth remains elusive for Wipro
18 Jul 2019
Ten10 Voted Top 5 Place to Work in UK for Graduates
18 Jul 2019
BT property sell off begins with £209m deal for London HQ
17 Jul 2019
ESN: further delays and cost increases seem inevitable
17 Jul 2019
UK Market Trends & Forecasts 2019-2022: Do you understand Digital Chaos?
17 Jul 2019
TechMarketView’s Supplier Rankings 2019: Who ranks where?
17 Jul 2019
Investors line up to back Curve
17 Jul 2019
AppyParking bags £7.6m funding
17 Jul 2019
Archives of IT
16 Jul 2019
Another joint dev partnership for WANdisco
16 Jul 2019
Cloudcall maintains 30% H1 expansion rate
16 Jul 2019
Growing pains at Starling as Sawyer departs
16 Jul 2019
Albert Technologies planning to delist from AIM
16 Jul 2019
Experian continues to prosper in the Americas
16 Jul 2019
Considered a career in teaching?
16 Jul 2019
Alan Turing - The Father of Modern Computing - to feature on new £50 note
15 Jul 2019
Aptitude looks to the future with optimism
15 Jul 2019
Access Intelligence sees H1 jump
15 Jul 2019
*NEW RESEARCH* Containers and security in the cloud
15 Jul 2019
Mystery joint dev cloud partner for WANdisco
15 Jul 2019
Extra time
15 Jul 2019
Infosys getting its mojo back with double-digit growth
12 Jul 2019
*NEW RESEARCH* Social Energy - transforming energy markets with AI
12 Jul 2019
Bristol University secures £100m to explore digital futures
12 Jul 2019
EXL signs up British Friendly
12 Jul 2019
CFO departs after brighter Sophos TU
12 Jul 2019
Lively June for UK tech M&A
12 Jul 2019
Julie Sweet gets top job at Accenture
12 Jul 2019
*NEW RESEARCH* UK SITS stocks top performers in Q2
12 Jul 2019

UKHotViews©

 

Friday 12 July 2019

Infosys getting its mojo back with double-digit growth

logoAfter finishing FY19 on a high note (see Infosys finishes with a flourish), Bangalore-based offshore services major Infosys got off to an impressive start to the new FY, reporting its first double-digit growth quarter for three years in US dollar terms. As a result, CEO Salil Parekh raised (the mid-point of) FY revenue growth guidance from 8.5% to 9.3%, signalling the distinct possibility of a $13b revenue year.

Headline revenues for Q1 2020 (to 31st March 2019) rose by 10.6% $3.13b, exceeding peer-leader TCS’ growth rate for the second successive quarter (see TCS UK continues to outperform). However, Infosys’ operating margins slipped back to 20.5%, a point down on the prior quarter, over two points light yoy, albeit nearly four points below that of TCS.

Once the gold standard of the offshore services industry, it’s very pleasing to see Infosys really starting to get its mojo back under Parekh’s leadership.

Posted by Anthony Miller at '16:00' - 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.