Infosys results for Dec 2014 are out, and we’re going to quickly cover them with just charts. They’ve surprised on the upside:
EPS Growth on a Trailing Twelve Month (TTM) basis is nice at 20%, which is okay given the stock has a P/E of 19. But tht’s mostly because of earlier quarters; the Dec 2014 grew over Dec 2013 EPS by only 13%.
Looks like they *are* getting more efficient. Thank goodness for two years of no salary hikes, I guess:
And they’ve gotten back the stalled employee growth, which looks good only because of a lower base last year. However quarter or quarter additions are at 2.5% net, which isn’t all that great but it’s better than recent quarters.
Efficiency helps here: They are more into fixed price projects than ever before:
Just a quick chart update. No positions.
The stock is up 5% at 2070.
I’m not enthused enough to buy, but this is better than I expected. What do you think?
