Infosys Q1FY22 analysis: Sharekhan expects Infosys to be in the top quartile of growth in the medium term, led by strong deal wins
The IT major on Wednesday posted around 23% growth in net profit for the June quarter at Rs 5,195 crore.
Addressing reporters after the announcement of the company's Q1FY22 results, he said it is the "single largest priority" for the company at present
Infosys revised its revenue guidance for FY22 to 14%-16% and retained its margin guidance at 22%-24%.
The new income tax website faced technical glitches like e-proceedings and digital signature certificate and have been flagged by CAs.
The Department is continuously engaged with Infosys to expedite the resolution of any pending issues and to make available all balance functionalities
Even after two weeks of the meeting and over a month of the portal launch, users still continue to encounter multiple problems
Top companies like TCS, infosys and RIL's m-cap were hit by severe losses, whereas Kotak and HDFC's valuation went higher significantly
Brokerage houses prefer large-cap IT firms for investment opportunities, turn cautious on mid-caps
The brokerage firm further said that the company's strong deal wins and good commentary on pipeline highlights consistent market share gains