Buy Infosys, target Rs 1386: Hadrien Mendonca
Tech giant Infosys announced its Q4 results on April 13. The results came out in line with expectations and pointed toward accelerate investments.
The sale of recently-acquired Panaya and Skava shows that Chief Executive Officer (CEO) and Managing Director (MD) Salil Parekh is charting his own path with the blessings of the founders and is adopting a service led-growth model as opposed to his predecessor’s strategy of emphasizing on products.
Investors will have to be content with single-digit earnings although the hefty dividend payout could limit downside for the stock.
Here’s a podcast on Infosys’s Q4 earnings and how the numbers stack up...