Infosys Share Price Today Live Updates 19 July 2024: Infosys share price surge over 3% after Q1 results; profit beats estimate

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Nomura on Infosys

Buy Call, Target Raised To Rs 1,950

Q1FY25 Was An All-round Beat

Surprise Revenue Guidance Driven By Strong Start, Deal Wins, & Acquisition Integration

Project Maximus’ Impact On Margin Continues To Play Out

Raise Our FY25-26 EPS By Nearly 2-3%, Reiterate As Top Pick

Jefferies on Infosys

Buy Call, Target Raised To Rs 2,040

Q1 Beat Estimates, Driven By Strong Revenue Growth Of 3.6% QoQ

Co Has Raised Its FY25 Growth Guidance Which Seems Conservative In Context Of Strong Deal Wins

Initial Signs Of Recovery In BFSI, Strong Deal Wins Suggest The Worst Is Behind

All-Round Improvement In Operating Performance Suggest The Worst Is Behind

Raise Estimates By 3-4% & Expect Co To Deliver 10% EPS CAGR Over FY24-27

Bernstein on Infosys

Outperform Call, Target Raised To Rs 2,100

Delivered Its Strongest Beat In 10 Quarters In Q1 Across Revenue, Margin & EPS

FY 25 Revenue Guidance Was Raised To 3% To 4% YoY CC (From 1% To 3%)

Deal Momentum Was Strong At $4.1 Bn TCV With Net New Of 57

See Beginning Of An Upcycle Trend As Growth Recovers, BFSI Inflects & AI Deals Scale Up

JPM on Infosys

OW, TP Rs 1950

1Q perfect foil to a poor 4Q24, handsomely beating rev/margin/EPS/FCF &upgrading guide with some +ve one-off revenues/margins

Cos’ new revenue guidance of 3-4% parses out as 2.3-3.3% organic implies 0.8-1.5% CQGR

GS on Infosys

Buy, TP Rs 1870

1Q beat: Upside risks to guidance

INFY 1Q, coupled with commentary from some of its peers, suggest demand environment is incrementally getting better

Expect FY25E reve growth for Infy/sector to be c.400 bps higher vs FY24

CITI on Infosys

Buy, TP raised to Rs 1850

1Q revenue came in well above expectations; Deal TCV +87% yoy LTM.

Margins were slightly ahead, aided by one off.