
Infosys may top revenue growth in next three fiscals
Information Technology major Infosys's revenue growth is likely to be the strongest among the top three Indian vendors in the coming three financial years, a report said.
Some of Infosys recent deal wins, like Telstra and British Petroleum, give the IT major new larger 'mineable' clients, which are expected help the company in maintaining its sector-leading growth rate, financial service provider IIFL said in a recent report here.
During the economic slowdown, Infosys had registered a faster growth than its peers, Tata Consultancy Services and HCL, despite aggressive ramp-downs from its largest client.
Infosys, it said, has the highest exposure to clients from the US and, hence, is least vulnerable to a sharp depreciation in European currencies.
Moreover, the recovery in IT spending from US clients has been decidedly faster than that from European clients.
"The faster recovery in the US, coupled with Infosys' relatively high exposure to that geography, makes it well-placed to register sector-leading revenue growth," it said.
Over the last four quarters, revenues from the US are up 16.5 per cent as compared to a decline of 13-14 per cent from Europe.
The company's Earnings Per Share (EPS) is also likely to register a Compound Annual Growth Rate (CAGR) of 23 per cent over FY 10-13 against the 18-20 per cent of those of its competitors, the report said.

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