Infosys Ltd - ADR

Revenue Growth: Infosys reported a revenue growth of 1.7% quarter-on-quarter and 6.1% year-on-year in constant currency terms for Q3 FY '25. The company has revised its revenue growth guidance for FY '25 to a range of 4.5% to 5%, indicating confidence in overcoming previous challenges and a positive outlook for the remainder of the fiscal year.

Strong Performance in Financial Services and Europe: The financial services segment in the U.S. continues to show robust growth, while Europe rebounded strongly with a revenue growth of 12.2% year-on-year. This sectoral growth provides opportunities for further expansion and reinforces Infosys' positioning as a leading player in these markets.

Challenges with Top Clients: Revenue from the top five clients declined by 6% quarter-on-quarter, attributed primarily to furloughs. This decline raises concerns about dependency on large clients and may affect the confidence in sustaining high revenue growth in future quarters.