{"id":126269,"date":"2022-01-13T07:11:35","date_gmt":"2022-01-13T12:11:35","guid":{"rendered":"https:\/\/44.250.171.167\/?p=126269"},"modified":"2022-01-28T03:54:52","modified_gmt":"2022-01-28T08:54:52","slug":"infosys-q3-fy22-earnings-conference-call-summary","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/infosys-q3-fy22-earnings-conference-call-summary\/","title":{"rendered":"Infosys Q3 FY22 Earnings Conference Call Summary"},"content":{"rendered":"<p><strong>Key highlights from Infosys (<a href=\"https:\/\/44.250.171.167\/symbol\/infy\/\">INFY<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>\n<p>INFY had a net headcount increase of 12,450 and have increased its annual college recruiting target to 55,000. Voluntary long-term 12-month attrition increased to 25.5%, while quarterly annualized attrition was flattish on a sequential basis.<\/p>\n<\/li>\n<li>\n<p>The company also mentioned that its utilization was 88.5%, slightly lower than the previous quarter. The company saw more traction on the digital and the cloud programs, where it saw the most impact in Q3.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>\n<p>Ankur Rudra of J.P. Morgan queried about the surprises that increased guidance sharply. CEO Salil Parekh said, the company saw very strong momentum in manufacturing and is something that it is looking forward to. INFY also saw good momentum in financial services, given, it&#8217;s the company&#8217;s largest vertical.<\/p>\n<\/li>\n<li>\n<p>On a question asked by Kumar Rakesh of BNP Paribas about continuing this strong growth momentum going ahead, CEO Salil Parekh said, INFY has strong portfolio across digital and cloud. However, it is seeing the cloud capability growing faster than its digital capability.<\/p>\n<\/li>\n<li>\n<p>Keith Bachman of BMO asked about the offshore percent of labor increase year-over-year. CFO Nilanjan Roy said that the large labor markets available in India will open up a lot more offshoring opportunities.<\/p>\n<\/li>\n<li>\n<p>Nitin Padmanabhan of Investec asked about the INFY&#8217;s ability to add freshers versus laterals next year. CFO Nilanjana commented that the company expects to focus both on freshers and laterals next year. There is no specific focus on freshers alone.<\/p>\n<\/li>\n<li>\n<p>Manik Taneja of JM Financial asks about the change in offshore mix of revenues over the last 18 months. CEO Salil Parekh commented that it was due to remote working that was in place.<\/p>\n<\/li>\n<li>\n<p>James Friedman of Susquehanna asked about the capital allocation strategy. INFY said that it remains committed to return 85% of its free cash flow to shareholders via buybacks and dividends over the next five years.<\/p>\n<\/li>\n<li>\n<p>Vimal Gohil of Union AMC queried on core employee cost growth. INFY said that it expects to look at high points of attrition, and doing it more tactically, seeing where demand is high in the market for the skills and targeting those employees.<\/p>\n<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1621\" height=\"2560\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-scaled.jpg\" alt=\"\" class=\"wp-image-126220\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-scaled.jpg 1621w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-190x300.jpg 190w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-648x1024.jpg 648w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-768x1213.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-973x1536.jpg 973w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-1297x2048.jpg 1297w\" sizes=\"auto, (max-width: 1621px) 100vw, 1621px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Infosys (INFY) Q3 FY22 Earnings Concall Management Update: INFY had a net headcount increase of 12,450 and have increased its annual college recruiting target to 55,000. Voluntary long-term 12-month attrition increased to 25.5%, while quarterly annualized attrition was flattish on a sequential basis. The company also mentioned that its utilization was 88.5%, [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":126220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8532],"class_list":["post-126269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Infosys-LimitedQ322-scaled.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":88645,"url":"https:\/\/alphastreet.com\/india\/infosys-infy-q3-earnings-key-numbers-and-performance\/","url_meta":{"origin":126269,"position":0},"title":"Infosys (INFY) Q3 Earnings: Key numbers and performance","author":"Shreya","date":"January 13, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) reported third-quarter 2021 earnings results Wednesday. Revenue increased to $3.5 billion from $3.2 billion last year. Analysts had expected revenue of $3.38 billion. The net profit rose to $705 million from $626 million, while earnings per share increased from $0.15 to $0.17, compared to analysts' estimate\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/01\/Infosys-Q3-2021-earnings-infograph.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":65860,"url":"https:\/\/alphastreet.com\/india\/key-highlights-from-infosys-infy-q1-2021-earnings-results\/","url_meta":{"origin":126269,"position":1},"title":"Key highlights from Infosys (INFY) Q1 2021 earnings results","author":"Staff Correspondent","date":"July 15, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported earnings results for the first quarter of 2021 today. Revenues declined 0.3% to $3.12 billion. Net profit after minority interest was $558 million while diluted EPS was $0.13. The company expects revenue growth in the range of 0-2% in constant currency for fiscal year 2021 while\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Infosys reports Q1 2021 earnings results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/07\/Infosys-Q1-2021-Earnings-Infographic.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":74713,"url":"https:\/\/alphastreet.com\/india\/infosys-infy-q2-earnings-key-financials-and-quarterly-highlights\/","url_meta":{"origin":126269,"position":2},"title":"Infosys (INFY) Q2 Earnings: Key financials and quarterly highlights","author":"Staff Correspondent","date":"October 14, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported second quarter 2021 earnings results today. 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INFY added that its digital revenues now account for 59.2% and grew at 41.2% for FY22.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Infosys-Limited-Ind-Q422-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":47378,"url":"https:\/\/alphastreet.com\/india\/infosys-reports-8-6-revenue-growth-for-q3\/","url_meta":{"origin":126269,"position":5},"title":"Infosys beats Q3 earnings estimates; revenue comes in line","author":"Staff Correspondent","date":"January 10, 2020","format":false,"excerpt":"Infosys (NYSE: INFY) reported better-than-expected earnings for the third quarter of 2020 while revenue matched forecasts. Shares were up 6.5% in premarket hours on Friday. Total revenues increased 8.6% year-over-year to $3.24 billion, coming in line with estimates. Revenues increased 9.5% in constant currency. 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