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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 11/26 06:25:28 am
1691.65 INR   -1.79%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Accenture and Infosys to surpass IBM and DXC Technology in the second half of 2021

10/19/2021 | 10:02am EST

Consulting companies such as Accenture and Infosys are likely to gain more growth in the second half of 2021 than IBM and DXC. This is due primarily to a noticeable increase in corporate spending on new technologies. IBM and companies of this kind are losing out in this situation because of their high dependence on outsourcing revenues. More than 10% growth in the industry compared to the second half of 2020 is quite possible (after a significant reduction in discretionary spending during the past year).

The consulting industry is expected to sharply return to a strong performance

According to the analysts' forecasts, in the second half of 2021, the consulting industry may regain some of its previous sales achievements due to an increase of clients' expenses budgets, and first of all financial-services clients', whose valuations in the first half of the year showed excellent growth. In 2020, such companies conducted a conservative policy in discretionary spending and purchase of new software and updating the old one. This type of policy was caused, of course, by the pandemic and general market uncertainty. Data from Amazon Web Services and Microsoft, as well as indicators such as PMI, provide a clear picture of the recent increase in companies' spending on IT services. Accordingly, we can state with a high degree of confidence the future growth of the industry.

Accenture and EPAM among the leaders

Experience, reputation, and market position play an important role. Therefore, players like Deloitte, Accenture, and EPAM Systems have the best chances of a quick and high-quality recovery of their previous figures. In their portfolios of services, a large share falls on such perspective directions as cloud services, security, analytics. According to the general opinion of the majority of experts, these areas will be the drivers of growth in the near future. Just think about it: Accenture generates more than 2/3 of its revenue from this type of service. If we also add to the general picture the lack of qualified specialists in the industry, then the rise in prices for services of such kind in the second half of 2021 is quite expected.

IBM among the outsiders?

But what awaits companies like IBM and DXC Technology, for example? The overall recovery trend will affect them to a lesser extent, and the reason for this is the nature of their service portfolios. These companies have a somewhat "outdated approach" to doing business, they pay less attention to new directions and are largely focused on infrastructure outsourcing, which will not allow them to follow the industry's growth leaders. To illustrate the picture: DXC Technology shows less than a quarter of the consulting component in the total sales volume, while for IBM such share is even less - just a bit over 10%.

Amiran Akhmetshin

CEO DIRECT TECHNOLOGIES DWC LLC

Distributed by https://pressat.co.uk/

.

(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DXC TECHNOLOGY COMPANY -3.57% 30.5 Delayed Quote.18.45%
INFOSYS LIMITED -1.79% 1691.65 Delayed Quote.37.16%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.79% 115.81 Delayed Quote.-8.00%
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11/24Asian ADRs Down 0.6% Wednesday Morning
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Analyst Recommendations on INFOSYS LIMITED
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Financials
Sales 2022 1 196 B 15 945 M 15 945 M
Net income 2022 223 B 2 972 M 2 972 M
Net cash 2022 300 B 3 995 M 3 995 M
P/E ratio 2022 32,0x
Yield 2022 1,99%
Capitalization 7 184 B 95 716 M 95 779 M
EV / Sales 2022 5,76x
EV / Sales 2023 4,98x
Nbr of Employees 279 617
Free-Float 84,7%
Chart INFOSYS LIMITED
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Infosys Limited Technical Analysis Chart | INFY | INE009A01021 | MarketScreener
Technical analysis trends INFOSYS LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 38
Last Close Price 1 691,65 INR
Average target price 1 989,08 INR
Spread / Average Target 17,6%
EPS Revisions
Managers and Directors
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
Sector and Competitors
1st jan.Capi. (M$)
INFOSYS LIMITED37.16%95 716
ACCENTURE PLC38.73%228 888
TATA CONSULTANCY SERVICES LTD.20.37%171 096
SNOWFLAKE INC.26.28%106 928
INTERNATIONAL BUSINESS MACHINES CORPORATION-7.27%104 684
AUTOMATIC DATA PROCESSING, INC.33.01%98 760