Infosys’s Business IT Segment Drives Its Overall Business Growth

Infosys’s (INFY) Business IT Services segment, which contributes around 62.0% of its total revenues, has maintained strong growth momentum in the past five quarters. The robust growth in Application Development, Infrastructure Management Services, Testing Services, and Business Process Management drove the overall revenues for Business IT Services in the past five quarters. Growing demand for digital services in various markets led to the Business IT Services segment’s revenue growth. During this period, it maintained an upward trend in the last five quarters and grew at a CAGR (compound annual growth rate) of 1.9%.