TCS Shares Vs. Infosys? What Brokerages Have To Say About The Second-Quarter Results

After India's second-largest IT services provider posted a 12% increase in net profit for the September quarter, Infosys' stock jumped more than 3% in early trade on Thursday. In constant currency, the IT behemoth boosted its sales growth forecast for this fiscal year from 14-16 percent to 16.5-17.5 percent (cc). Its fiscal 2022 margin objective was maintained at 22 percent to 24 percent. For the quarter ended September 30, the Bengaluru-based firm reported $2.15 billion in large deal signings, with 22 significant transactions completed. According to Emkay analysts, the transaction pipeline is still strong, with a healthy mix of new and renewal deals giving good revenue visibility. Emkay maintains its 'Buy rating on Infosys with a target price of $1,910, citing the company's good earnings momentum and robust demand environment.