LIRC@SFIT

Overall our price targets for 5 top-tier companies rise by 2-10%, as a result of the changes. Infosys best placed near-term, on both growth & margin. Our recent meetings with Infosys & Wipro and channel checks suggest a mixed picture with rising risks in BFSI but continued overall deal momentum for select companies. Benefit of recent INR-USD depreciation will be offset to some extent by cross ccy headwinds. We expect continued divergent growth across companies with Infosys best placed in the near term. Amidst our positive stance towards IT services as a relative defensive, TCS & TechM are our other Buys. Infosys best placed near-term, on both growth & margin We maintain near-term visibility is best for Infosys amongst top-tier companies given its strong deal win momentum. We expect revenue growth for FY20e to surprise positively at 11.5% y-o-y constant ccy vs. its latest guidance of 8.5-10%. This implies 11% y-o-y growth for rest of FY20e. Despite visible margin pressu...

Pune: Only two Indian companies —Tata Consultancy Services and Infosys — figure in a list of the top ten applicants for employer green cards in the six months to March 2019, a review of US government data shows. US-based technology companies such as Amazon, Cognizant, Cisco, Facebook and Google have together filed more green card applications, or those seeking talented immigrants with permanent residency to work in their offices in the United States, according to the US Department of Labor data. The Department of Labor follows an October to September calendar year. Amazon has filed 1,500 applications, the largest among the ten companies. Cognizant Technology Services, a US-headquartered IT services firm that has a large employee base in India, is second with more than 1,300 employer green card applications, followed by Cisco. TCS, with 1,009 applications comes fourth on that list, while Infosys is in seventh position, according to the data. It is as yet unclear how many of these ap...