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.

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

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

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

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

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