Thread by @Sanju_Verma_

Things on ground are far better than gloom&doom predictions by naysayers

Amidst euphoria over #Google's investment in #Jio,let's not forget stunning results by #Infosys

Infy saw 8.5% YoY rise in revenues to Rs 23665Cr in Q1FY21

Operating margin rose to 22.7%,beating consensus!

Rise of 150bps in OPM,is great news

EBIT too was up 8.9% QoQ

Clearly,huge deal wins of $1.74 bn in June qtr,Vs 1.65bn in previous qtr,showcase how #Infosys beat #Covid blues

Digital revenue at $1,389 mln in 1QFY21,Vs $1,341 million QoQ, bodes well

Profit up 11.5%,@ 4233Cr YoY

Revenues in dollar terms fell 2.4% QoQ to $3121mln,but was lower than 5% QoQ decline,estimated by analysts

Strong guidance by management, predicting OPM in 21-23% range,for FY21,good sign

Unrelated +ve: India's $0.8bn trade surplus in June qtr,Vs $3bn deficit in March

#Infosys

Interesting how big Indian companies are Deleveraging

#Reliance raised or sealed deals for 152000Cr+ in last few months,to become #ZeroDebt company and this,despite #Aramco deal,in limbo

#Infosys,is zero debt too,with good $3.6bn in cash,post results for 1QFY21 y'day
#Economy

#TCS, saw revenue falling 4.1% QoQ,to 38322Cr

Dollar revenue fell 7% to $5060 mln

Operating profit fell 9.7% to Rs 9432 Cr&OPM fell to 23.6% from 25.1%

Clearly,#Infosys scored over TCS big time,in June qtr

Good bit is,despite #Covid,deal wins for TCS,stood at a solid $6.9bn

Like last yr,#TCS will hire 40000 freshers from campuses,this year,too

Initial results of Indian tech companies for 1QFY21,have been good,despite #Covid

#Digital&healthcare verticals have outperformed

BFSI should pick up in few qtrs,once #Unlock,globally,gathers pace

#Economy