Infosys disappoints in Q4, big miss on Rev and margins
$ Rev growth at 0.7%, CC Rev growth at 1.2% (Est 2.5% - 3%)
EBIT margins are at 21.5% vs 23.5% (est at 23.3%)
FY23 guidance
+Ve: CC Rev growth seen at 13-15%
-Ve: EBIT % seen between 21-23%
Indian FM - “The FIIs and FPIs “may come and go” but Indian retail investors have proven that they are ready for any shock that may come in, given the “shock-absorbing capacity the Indian retailer has brought into the Indian market”
*What NS is not telling is that this is direct outcome of artificially low interest rates. *.
Such low rates does not give any other opportunities for the common man to beat inflation but investing in the stock market.
Which in turn is helping already billionaires.
And at the cost of poor who are paying inflation tax from his nose as he as nothing available to invest.
So all is not rosy for the common man. We who have the knowledge and capacity to invest wisely, can benefit from the stock market but not general population.
Today minutes of March meeting of Federal reserve will be released which are expected to provide fresh details on its plans to reduce its bond holdings.
In a recent paper Harvard University's Larry Summers noted that since 1955 there has never been a time when wage growth exceeded 5% and the unemployment rate was below 5% that was not followed within two years by a recession.