Record deal wins offer revenue visibility for Infosys in next 3 quarters

Infosys not only beat Street estimates comfortably across parameters in the December quarter, it was ahead of industry leader, Tata Consultancy Services (TCS), in some respects. The constant currency growth of 5.3 per cent was led by financial services, deal wins in the earlier quarters, and digital services. This was 90-basis point (bp) higher than its larger peer. While top-line growth was strong, the key takeaway in the quarter has been large deal wins, which hit record levels for the second consecutive quarter. After $3.15-billion large deals in the first quarter, the company repo.....

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