Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers

Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.

A mixed set of numbers by IT major Infosys in their June quarter results 2022 (Q1FY23) saw the stock slump mildly on BSE in Monday’s trade. Though revenue growth of 23.6 per cent year-on year (YoY) to Rs 34,470 beat street estimates, margin performance and net profit growth were a disappointment, said analysts.

In constant currency (CC) terms, Infosys clocked 5.5 per cent revenue growth in the recently concluded quarter. However, revenue growth for peers like HCL Technologies, Tata Consultancy Services (TCS), and Wipro came in at 2.7 per cent, 3.5 per cent, and 2.1 per cent, respectively.

However, higher