Name: Infosys reports record $7.13 billion deal wins — raises revenue guidance after its best December quarter in eight years
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Infosys reports record $7.13 billion deal wins — raises revenue guidance after its best December quarter in eight years

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Infosys delivered another blockbuster quarter, led by its largest-ever deal wins so far worth $7.13 billion in the December quarter — with digital revenues accounting for over half of its total revenue.And it has raised guidance for FY21 revenue to 4.5-5%, while its margin guidance has been revised upwards to 24-24.5%. This is the second upward revision in the revenue growth guidance for the IT giant this year. Infosys reported a 7.3% growth in its profit, while its revenue growth in constant currency terms stood at 6.6%. Margin growth remained flat quarter-on-quarter at 25.4%.Infosys shares have rallied by nearly 25% in the December quarter. Its shares have surged over 70% in the calendar year 2020. “The Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry,” remarked Salil Parekh, CEO and MD, Infosys.ParticularsDec 31, 2020Sep 30, 2020Dec 31, 2019Number of ClientsActive1,5621,4871,384Added during the period (gross)1399684Number of million dollar clients*1 Million dollar + 76174570510 Million dollar + 24624223250 Million dollar + 606061100 Million dollar + 293028Client contribution to revenuesTop 5 clients 10.80%11.30%11.30%Top 10 clients 18.50%18.70%18.90%Top 25 clients 34.60%34.20%34.20%Repeat business 95.10%98.00%97.20%Days Sales Outstanding*736973*Based on last twelve months revenues“With the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, I remain confident about the future,” he added.The company also revealed that voluntary attrition rates in IT services have come down to 10%, from 15.8% in the same period last year.SEE ALSO:{{}}Email addressEnter captchaBy clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our and Copyright © 2022. Times Internet Limited. All rights reserved.For reprint rights. Times Syndication Service.

Infosys delivered another blockbuster quarter, led by its largest-ever deal wins so far worth $7.13 billion in the December quarter — with digital revenues accounting for over half of its total revenue.And it has raised guidance for FY21 revenue to 4.5-5%, while its margin guidance has been revised upwards to 24-24.5%. This is the second upward revision in the revenue growth guidance for the IT giant this year. Infosys reported a 7.3% growth in its profit, while its revenue growth in constant currency terms stood at 6.6%. Margin growth remained flat quarter-on-quarter at 25.4%.Infosys...

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Infosys reports record $7.13 billion deal wins — raises revenue guidance after its best December quarter in eight years

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