Infosys Shares Dip as Investors Weigh Subdued Growth Outlook

Looking at the reporting for the full quarter to March 2023, revenues reached $4.3 billion, presenting 13% year-on-year growth.

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Infosys Shares Dip as Investors Weigh Subdued Growth Outlook

Looking at the reporting for the full quarter to March 2023, revenues reached $4.3 billion, presenting 13% year-on-year growth.

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It was 23% operating margin that met the company’s guidance for the period.

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It has earned contracts worth $4.5 billion in the previous quarter that could be instrumental in its growth.

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But the management noted the condition that many of these transactions will take longer for implementation.

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In addition to this, customers’ risk-based assets and portfolio valuation fell down with the rising inflation and political uncertainty.

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Investors should exercise added caution not to pay too much attention to just one-quarter update.

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