27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- Infosys Ltd (NYSE:INFY) reported fourth-quarter FY22 revenue growth of 20.6% year-on-year to $4.28 billion (CC), missing the consensus of $4.29 billion.
- Q4 sequential growth was 1.2%. TCV of large deal wins was $2.3 billion.
- Digital revenue grew 38.8% Y/Y to $2.53 billion, while Core revenue stood at $1.75 billion.
- The operating margin contracted 300 bps to 21.5%. EPS of $0.18 missed the consensus of $0.19.
- Infosys held $2.3 billion in cash and equivalents. Free cash flow was $761 million.
- "Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by 'One Infosys' approach," said CEO Salil Parekh. "With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt, and thrive."
- Dividend: The Board proposed a final dividend of ₹16 per share, taking the total dividend for FY22 to ₹31 per share, increasing 14.8% Y/Y.
- Outlook: Infosys expects a 13% - 15% CC revenue growth in FY23.
- Price Action: INFY shares traded lower by 3.85% at $21.70 in the premarket session on the last check Wednesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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