Infosys has announced results for Q1 FY21, for the period ending June 30, 2020:
- Revenues were $3,121m, down 0.3% y/y, up 1.5% in CC
- Operating income (EBIT) was $708m, a margin of 22.7%, up 2.2 pts y/y.
Q1 FY21 estimated revenue by geography (with reported and CC y/y growth in US$) was:
- North America $1,918m (-0.5%, flat CC)
- Europe $750m (+1.5%, +4.4% CC)
- India $90m (+23.3%, +8.4% CC
- Rest of World $363m (-7.4%, flat CC).
Q1 FY21 revenue by service type (with reported and CC y/y growth in US$) was:
- Digital ($1,389m (+24.1%, +25.5% in CC). Digital accounted for 44.5% of global revenue
- Core $1,732m, -13.9%, -11.8% in CC)
Q1 FY20 revenue mix by industry (with approx revenue and reported and CC y/y growth in US$) was:
- Financial Services 31.5% ($984m, -0.1%, + 2.1% CC)
- Retail 14.3% ($447m, -9.3%, -7.4% CC)
- Communication 13.4% ($417, -3.2%, -0.7% CC)
- EURS 12.8% ($399m, -1.9%, -0.2% CC)
- Manufacturing 9.5% ($298m, -1.3%, +0.3% CC)
- Hi Tech 8.7% ($272m, +12.9%, +13.4% CC)
- Life Sciences 6.7% ($208m, +7.9%, +7.7% CC)
- Others 3.1% $96m(+20.7%, +24.4% CC).
Infosys had 1,458 active clients at the end of Q1 FY21, with 122 new clients added during the quarter.
Major client contribution to revenue (and in Q1 FY19) was:
- Top client 3.4% (3.4%)
- Top 10 clients 19.3% (20.0%).
Headcount at the end of June 2020 was 239,233, a net y/y increase of 10,204, or 4.5%.
Annualized attrition was 11.7%, up from 20.2% in the prior year period and the 15.3% reported in Q4 FY20.
Vendor | Infosys |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2020-06-30 |
Growth | -0.3 |
Revenues ((m) in local currency | 3121 |
Revenues (in $m at that date) | 3121 |