Infosys Limited INFYhas an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 3.1%.
With expected long-term earnings per share growth rate of 9.2% and a market cap of $40.7 billion, it seems to be a stock that investors’ should retain their portfolio for now.
Let’s take a look at the factors aiding the company’s performance.
Lucrative client wins and impressive performance of new high growth services and software business bode well for the company. A strong multi-industrial pipeline is also a positive.
Infosys’ investments in new services, particularly in Cloud Ecosystem, Big Data and Analytics, API and Micro services, Data and Mainframe Modernization, Cyber Security and IoT Engineering Services have been showing promising results.
The company’s fourth-quarter fiscal 2018 earnings and revenues came in better than expected and also increased year over year.