Infosys INFY reported better-than-expected first-quarter fiscal 2022 results. The company’s fiscal first-quarter earnings of 17 cents per share came in line with the Zacks Consensus Estimate and grew 26% year over year.Infosys’ fiscal first-quarter revenues increased 21.2% to $3.78 billion year over year and topped the Zacks Consensus Estimate of $3.70 billion. In terms of constant currency (CC), the metric was up 16.9%.Rise in large deal wins and the fast-growing digital services were key catalysts. Notably, Infosys continued to fortify its digital capabilities. The Infosys CobaltTM cloud portfolio witnessed solid traction.Infosys Limited Price, Consensus and EPS Surprise Infosys Limited price-consensus-eps-surprise-chart | Infosys Limited QuoteRevenue DetailsDigital Revenues (53.9% of total) climbed 46.9% year over year (42.1% at cc) to $2.04 billion, while Core Revenues (46.1%) inched up 0.6% (down 3% at cc) to $1.74 billion.Revenues across India, North America, Europe and the Rest of the World regions recorded year-over-year increases of 23.1%, 21.6%, 21.9% and 16.9%, respectively, on a reported basis. On a constant-currency basis, India, North America, Europe and the Rest of the World registered growth of 20.7%, 21.1%, 12.2% and 4.9%, respectively.Segment wise, the Financial Services segment registered the highest growth of 27.1%. Communication, Life Sciences, Hi Tech and Retail jumped 10.6%, 23.4%, 15.1% and 26.6%, respectively. Manufacturing, Energy, Utilities, Resources & Services, and Others recorded growth of 23.1%, 14.5% and 16.3%, respectively.The company added 113 clients during the fiscal first quarter. It also signed multiple large deals of contract value (TCV) worth $2.6 billion.The company reported that its clients worth more than $100 million now add up to 34, up from the fourth-quarter fiscal 2020 number of 32 clients.Other Financial DetailsGross profit climbed 21.2% year on year to $1.27 billion. Gross margin expanded 10 basis points (bps) on a year-over-year basis to 33.7%.The company’s operating income jumped 26.6% to $896 million, year over year. Operating margin expanded 100 bps to 23.7%.Infosys ended the fiscal first quarter with cash and cash equivalents of $2.87 billion, down from the $3.38 billion recorded at the end of fourth-quarter fiscal 2021.FY22 Revenue Outlook UpBuoyed by the stellar fiscal first-quarter performance, Infosys raised the revenue outlook for the full fiscal year. The company now expects annual revenues to grow between 14% and 16% year over year at cc, up from the previous forecast of a 12-14% increase. It kept the operating margin guidance range of 22-24% unchanged.Zacks Rank & Key PicksCurrently, Infosys carries a Zacks Rank #3 (Hold).Better-ranked stocks in the broader technology sector include Digital Turbine APPS, Intuit INTU and Zoom Video Communications ZM, all sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term earnings growth rate for Digital Turbine, Intuit and Zoom is currently pegged at 50%, 14.8% and 15.6%, respectively. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Infosys Limited (INFY): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Digital Turbine, Inc. (APPS): Free Stock Analysis Report Zoom Video Communications, Inc. (ZM): Free Stock Analysis Report To read this article on Zacks.com click here.