Insights

Infosys Ltd.

May 9, 2016 . Equities Desk

Infosys is a global leader in consulting, technology, outsourcing and nextgeneration services, with a strong workforce of more than 194,000 employees. Infosys has a diversified geographical presence (in more than 50 countries) with 100 development centers located across India, APAC, the Americas & Europe.

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Strong deal pipeline coupled with traction in large deal wins, focus on digitisation and automation would help Infosys to lead industry growth and would act as a margin lever ahead. We expect revenue and Adj. PAT to grow at a CAGR of 14.6% and 13.3% over FY16-18E. We initiate coverage on the stock with a BUY rating with a target price of Rs. 1,305 (FY18E P/E of 17x), implies a potential upside of 11% over the next 1 year.

Research Report Infosys Ltd

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