Infosys can revise FY20 revenue guidance upwards: ICICI Securities

According to the report, apart from sound revenue conversion, overall deal pipeline improved on aggregate basis and pricing environment for legacy services also remained stable

The country’s second-largest IT services firm Infosys has scope for further revision of its revenue guidance for the ongoing fiscal on the back of a strong deal pipeline. 

In a note, ICICI Securities said despite talk of a slowdown, macroeconomic factors have not adversely affected the decision making process of its clients.

“Assuming status quo on global macro, we see Infosys’s current revenue guidance of 8.5-10 per cent in constant currency terms as conservative and is primed for another upward revision,” the research note said. 

It added, “Stronger pipeline, despite strong conversions through FY19 and in Q1 of this fiscal, speaks regarding the