It was a sterling financial performance by Infosys for the quarter ending June 30, 2015 (Q1 2015-16). The share has jumped a huge 10 per cent following the results. Here are 5 reasons why the stock markets cheered the numbers.
Infosys reported revenue growth of 7 per cent (quarter-on-quarter). This was the highest in 15 quarters.
2) Volume growth highest in 19 quarters
Volume growth at 5.4 per cent (quarter-on-quarter) was the highest in 19 quarters.
3) Largest client crosses $300 million
Infosys has said that its largest client has crossed $300 million and it added 2 clients in the $200 million category.
4) Attrition rate falls sharply
A series of measures have ensured that attrition rate of the company has fallen sharply t0 14.2 per cent as against 23.4 per cent in Q1 2014.
5) 2015-16 revenue guidance retained
The company has retained its 2014-15 revenue guidance at 10-12 per cent in constant currency. Markets largely cheered the guidance.
Analysts have given a big thumbs-up to the company's results and the share price may continue to rally in the coming weeks.