Last updated: 14 Apr, 2021 | 12:37 pm
While Infosys has missed estimates on both topline and bottomline, it has maintained a robust revenue guidance for FY22. Through the year, Infosys was able to post robust results due to its record high deal wins, and implementing cost cuts to maintain its revenue and operational profitability. In FY21, Infosys has reported record high deal wins of $14.1 billion. FY21 has been a very good year with superior shareholder returns, backed by robust operating metrics and strong growth across verticals and free cash flows. Infosys share have gained by 116% in the last financial year.
The Covid-19 pandemic has forced a tectonic shift in businesses processes to move towards greater digitization. This has helped the IT sector to bounce back faster than other industries. Infosys said that the relevance of its offerings is resonating with its clients in these times. The company is also confident of further expanding its revenues and cash flows in the current year.