Infosys reported a flattish EBITDA margin at 26.5 percent, with the residual impact of wage hikes getting absorbed by rupee depreciation and higher employee utilisation rate. This was a key factor that boosted net profit, which came in 0.8 percent QoQ lower at Rs23.74bn, 5.7 percent/2.1 percent above our/consensus estimates, respectively.
No comments:
Post a Comment