Infosys Limited - FY2023 - Is it Undervalued or not ?
Infosys Limited - FY2023 - Is it Undervalued or not ? India's second largest IT(Information Technology) company were recently announced it's Q4FY23 and Financial year 2022-23 ending annual results. For the 2023 year ending results, it reported a sales of Rs. 1.46 Lakh crore and net profit of Rs. 24,108 crore. The sales increased by 21 percent and the net profit rose by 9 percent as compared to the FY2021-22. The company's revenue is primarily generated from the Digital business services, 63 percent of its total revenue. Digital services are such as AI based analytics, Big Data, IoT, Cloud applications, Advance cyber security systems, modernize legacy tech systems and Engineer digital products. The revenue breakup is mostly coming from the Financial services segment with 32 percent of its total revenue, 15 percent in Retail segment, Telecom communication and media with 13 percent, Manufacturing with 11 percent and the rest of from other technology, Life sciences and Healt...