Line of Credit 
Print FormatInfosys Clocks 21% Revenue Growth in Q4 Backed By Digital, Cloud Capabilities
- Infosys Ltd NYSE:INFY reported fourth-quarter FY22 revenue growth of 20.6% year-on-year to
$4.28 billion (CC), missing the consensus of$4.29 billion . - Q4 sequential growth was 1.2%. TCV of large deal wins was
$2.3 billion . - Digital revenue grew 38.8% Y/Y to
$2.53 billion , while Core revenue stood at$1.75 billion . - The operating margin contracted 300 bps to 21.5%. EPS of
$0.18 missed the consensus of$0.19 . - Infosys held
$2.3 billion in cash and equivalents. Free cash flow was$761 million . - "Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by 'One Infosys' approach," said CEO
Salil Parekh . "With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt, and thrive." - Dividend: The Board proposed a final dividend of ₹16 per share, taking the total dividend for FY22 to ₹31 per share, increasing 14.8% Y/Y.
- Outlook: Infosys expects a 13% - 15% CC revenue growth in FY23.
- Price Action: INFY shares traded lower by 3.85% at
$21.70 in the premarket session on the last check Wednesday.
