Infosys’ Q4FY23 results fell short of estimates due to a 3.2%q-o-q cc (constant currency) decline in revenues, mainly caused by unplanned project rampdowns in BFSI, Communications, and Hitech verticals in North America. These rampdowns affected utilisation, which ultimately reduced margins by 50bps q-o-q. Additionally, the large deal TCV at $2.1 bn was lower than expected, […]
