Infosys Q2 Print: IT major to roll out wage hikes from Nov 1, skip campus hiring
1 year, 5 months ago

Infosys Q2 Print: IT major to roll out wage hikes from Nov 1, skip campus hiring

Live Mint  

Infosys will roll out salary hikes starting from November 1 and will skip campus hiring this year as it has a ‘way to go’ on utilisation, adding that it will honour the offers that have been made so far, said Nilanjan Roy, Chief Financial Officer, Infosys. India's second largest software services exporter announced its earnings for the July-September quarter of fiscal 2023-24 on Thursday, October 12, reporting a rise of 3.17 per cent in its consolidated net profit to ₹6,212 crore, compared to ₹6,012 crore in the corresponding period last year. Commenting on the Q2FY24 earnings performance by the IT major, Sumit Pokharna, Research Analyst, Vice President at Kotak Securities said, “Infosys’ Q2FY24 headline numbers were impressive on the back of 2.3 per cent c/c revenue growth on a sequential basis, and EBIT margin increase of 40 bps qoq despite higher subcontracting costs and partial wage revision.'' However, weak volumes have been fed into the guidance which now stands revised to 1-2.5 per cent from 1-3.5 per cent earlier, while guidance cut once again at the upper end of the band implies flat to 1.9 per cent decline in revenues in the next two quarters,'' said Pokharna.

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History of this topic

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore
2 weeks, 3 days ago

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

Live Mint  

Infosys block deal on March 12: Shruti Shibulal, one of Infosys's promoters, acquired additional shares of India's second-largest information technology giant on Wednesday, March 12, through an open market transaction for ₹469 crore. Infosys Q3 Results On January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit to ₹6,806 crore in the October-December …

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%
1 month ago

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%

Live Mint  

Infosys salary hike: India’s second-largest information technology services company, Infosys, has begun implementing employee salary hikes. On average, the salary hikes for most of the employees at Infosys range from 5-8 per cent. "Broadly, the comp that we are expecting is 6-8 per cent in India, and the overseas comps will be in line with the earlier comp reviews," Infosys’ …

Infosys employees get 5-8% salary hikes, lower than before: Report
1 month ago

Infosys employees get 5-8% salary hikes, lower than before: Report

India Today  

Infosys has rolled out salary hikes for its employees, but the increases are lower than in previous years, according to a report by The Economic Times. The IT firm sent salary revision letters to employees, offering hikes between 5% and 8% for most, depending on their performance rating. The company classified employees into three performance categories "met expectations," "commendable performance," …

Infosys Layoffs: IT major gives pink slips to 400 campus recruits after they fail evaluation test
1 month, 3 weeks ago

Infosys Layoffs: IT major gives pink slips to 400 campus recruits after they fail evaluation test

Live Mint  

Infosys Layoffs: IT major Infosys Limited is in the process of laying off 400 trainees after they failed evaluation tests in three consecutive attempts, reported the news portal Moneycontrol, citing people aware of the development. “At Infosys, we have a rigorous hiring process where all freshers, after undergoing extensive foundational training at our Mysuru campus, are expected to clear internal …

What do early salary hikes at Infosys say about India's IT sector
1 month, 3 weeks ago

What do early salary hikes at Infosys say about India's IT sector

Firstpost  

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. However, this system was not followed in 2024 for the appraisal cycle of September 2022-October 2023 India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the …

What do early salary hikes at Infosys say about India's IT sector
1 month, 3 weeks ago

What do early salary hikes at Infosys say about India's IT sector

Firstpost  

Infosys usually rolls out hikes in June by sending revision letters for increments effective from April. Image source: Infosys India’s largest IT services firm Infosys has announced that it will roll out annual salary hikes starting as soon as February. People familiar with the developments told the Economic Times that the company’s chief human resources officer told employees that “those …

Infosys investors blow hot and cold on Q3 revenue beat, guidance revision
2 months, 1 week ago

Infosys investors blow hot and cold on Q3 revenue beat, guidance revision

Live Mint  

Infosys Ltd investors are edgy and hardly impressed by the positives of its December quarter results. This prompted Infosys to raise its FY25 year-on-year constant currency revenue growth guidance 4.5-5% from 3.75-4.5% earlier. The beat in Q3FY25 revenue growth was largely driven by higher revenues from sale of third-party items bought for service delivery to clients, also known as pass-through …

Infosys shares plunge 6% despite beating Q3 estimates, analysts raise concerns
2 months, 1 week ago

Infosys shares plunge 6% despite beating Q3 estimates, analysts raise concerns

Hindustan Times  

Shares of India's No.2 IT company Infosys fell nearly 6% on Friday despite beating third-quarter result estimates, as analysts raised concerns about the quality of earnings. The company's revenue growth was driven by a higher component of "third-party items" in its deal pipeline, "which drove concerns around the quality of the beat and raise", Morgan Stanley analysts said in a …

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report
Trending News
2 months, 1 week ago

Infosys to roll out 6-8% annual salary hikes in India from January 2025: Report

Hindustan Times  

Infosys will be rolling out 6-8% annual salary hikes for employees in India from January 2025, according to a Moneycontrol report. "Broadly, the comp that we are expecting is 6-8% in India, and the overseas comps will be in line with the earlier comp reviews," the report quoted Infosys’ Chief Financial Officer Jayesh Sanghrajka as saying while addressing the press …

Infosys share price cracks 5% after Q3 results, following overnight fall in Infosys ADR
2 months, 1 week ago

Infosys share price cracks 5% after Q3 results, following overnight fall in Infosys ADR

Live Mint  

Infosys share price declined nearly 5% on Friday, following overnight plunge in the IT giant’s American Depositary Receipt listed on New York Stock Exchange. Infosys Q3 Results Infosys, India’s second-largest software services provider, reported 4.6% rise in its net profit at ₹6,806 crore for the quarter ended December 2024 from ₹6,506 crore in the previous quarter. Infosys Q3 Results Review …

Explained: Why Infosys share price tumbled over 5% after strong Q3 results
2 months, 1 week ago

Explained: Why Infosys share price tumbled over 5% after strong Q3 results

India Today  

Shares of IT giant Infosys fell sharply on Friday, declining over 5% in early trade on the Bombay Stock Exchange, following an overnight drop in its American Depositary Receipt listed on the New York Stock Exchange. It may be noted that the country's second-largest IT services provider reported an 11% year-on-year rise in consolidated net profit to Rs 6,806 crore. …

Infosys is said to offer 6-8 per cent salary hike to employees
2 months, 1 week ago

Infosys is said to offer 6-8 per cent salary hike to employees

India Today  

Infosys is reportedly gearing up to offer a salary hike of 6-8 per cent to its employees, with the increments set to be rolled out in two phases, starting from January 1, 2025, and April 1, 2025. Jayesh Sanghrajka, the Chief Financial Officer of Infosys, indicated that these salary hikes are likely to impact the company’s margins in the last …

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results
2 months, 1 week ago

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results

Live Mint  

Infosys ADR: American Depository Receipt shares of India's second-largest software services provider witnessed a sharp decline on the New York Stock Exchange after declaring its October-December quarter results for fiscal 2024-25. Infosys ADR crashed six per cent to $21.515 on the American stock exchange even after the IT major hiked its FY25 revenue growth guidance for the third straight quarter …

Infosys Q3 net profit rises 11.4%; revises full-year revenue guidance upwards
2 months, 1 week ago

Infosys Q3 net profit rises 11.4%; revises full-year revenue guidance upwards

The Hindu  

Infosys Ltd., Bengaluru-based tech firm, on Thursday reported a 11.4% year-on-year growth in net profit to ₹6,806 crore. Buoyed by Q3 performances and positive market outlook, the company revised its FY25 revenue guidance upwards to 4.5-5% from 3.75-4.5%. ‘’This has led to another quarter of strong large deal wins and improved deal pipeline giving us greater confidence as we look …

Infosys beats TCS as growth continues on the back of North America business
2 months, 1 week ago

Infosys beats TCS as growth continues on the back of North America business

Live Mint  

The growth engines that fuelled Infosys Ltd’s performance in the first half of the financial year retained momentum in the December quarter helped by strong business in its core North American market. India’s second-largest information technology services company also raised its full-year revenue outlook for the third time this financial year, crediting improving discretionary spending by financial services companies in …

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights
2 months, 1 week ago

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights

Live Mint  

Infosys, India's second-largest IT services exporter, posted an 11 per cent year-on-year increase in consolidated net profit, reaching ₹6,806 crore, while its revenue from operations rose by 8 per cent YoY to ₹41,764 crore. Here are five key highlights from Infosys Q3 results - Net profit The company reported a net profit of ₹6,806 crore for the quarter under review, …

Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees
2 months, 1 week ago

Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees

Live Mint  

Infosys Q3 Results: Infosys announced its October-December quarter results for fiscal 2024-25 on Thursday, January 16, 2025, reporting an attrition rate of 13.7 per cent, compared to 12.9 per cent in the preceding September quarter and the year-ago period. India's second-largest software services company added a net of 5,591 employees in the third quarter of the current fiscal year, bringing …

Infosys Q3 Results: Net profit rises 11.4% YoY to ₹6,806 crore; revenue up 7.6%
2 months, 1 week ago

Infosys Q3 Results: Net profit rises 11.4% YoY to ₹6,806 crore; revenue up 7.6%

Live Mint  

Infosys Q3 results: Indian information technology company, Infosys announced its October-December quarterly earnings for the financial year 2024-25 today, Thursday, January 16, 2025. Check Live blog The company posted a new profit of ₹6,806 crore in the quarter under review as against ₹6,106 crore in Q3FY24, up 11.4 percent on a year-on-year basis. Meanwhile, its revenue rose 7.6 percent to …

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%
2 months, 2 weeks ago

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%

India Today  

IT giant Infosys reported its third quarter results on Thursday, posting an 11% year-on-year rise in consolidated net profit to Rs 6,806 crore. The Bengaluru-based tech giant also revised its revenue guidance for the current fiscal year upward to 4.5%-5%, signalling optimism in its growth trajectory despite global economic uncertainties. GOOD DEALS DRIVE POSITIVE Q3 GROWTH Infosys clocked a total …

Infosys Q3 results tomorrow: 5 things to watch out for
2 months, 2 weeks ago

Infosys Q3 results tomorrow: 5 things to watch out for

Live Mint  

When Infosys Ltd announces its third-quarter results on Thursday, investors and analysts will be looking for clues into whether the company can overcome potential growth obstacles and if it is on course to surpass its FY24 performance. The two Indian information technology services companies that have so far announced results for the December quarter—a seasonally weak period for the sector …

Salary hikes coming! Infosys workers may get pay bumps from February, says report
2 months, 2 weeks ago

Salary hikes coming! Infosys workers may get pay bumps from February, says report

Live Mint  

Employees of IT giant Infosys may get letters regarding their salary hikes in February 2025, according to a report by The Economic Times citing sources. All employees at job level five and below are likely to get raise from February, with effect from January 1, 2025, in what will be a sweet start this new year, the report added, citing …

Infosys may roll out pay hike letters in February 2025: Report
2 months, 2 weeks ago

Infosys may roll out pay hike letters in February 2025: Report

Hindustan Times  

Infosys Ltd is likely to begin rolling out annual pay hikes in February 2025, according to a report, which said that employees at job level 5 are likely to the letters first. Employees at job level five will receive their letters in February with the raise becoming effective retrospectively from January 1, while those at JL6 and above will receive …

HCLTech’s junior staff get marginal pay hike in Q3 FY25, seniors left waiting: Report
Trending News
2 months, 3 weeks ago

HCLTech’s junior staff get marginal pay hike in Q3 FY25, seniors left waiting: Report

Live Mint  

HCLTech, India's third-largest IT services firm, partially started rolling out wage hikes for junior employees in the October-December quarter, Moneycontrol reported on Tuesday. The development came a day after the country's second-largest information technology services company, Infosys, reportedly deferred its annual wage hikes to the fourth quarter of the current financial year. According to the report, most HCLTech employees received …

Infosys delays salary hikes, here is when employees will get it
Trending News
2 months, 3 weeks ago

Infosys delays salary hikes, here is when employees will get it

India Today  

Infosys has delayed its annual salary hikes, with employees now getting increments in the fourth quarter of the current financial year. Other IT firms like HCLTech, LTIMindtree, and L&T Tech Services have also skipped salary hikes recently in efforts to manage costs and maintain profitability. MoneyControl reported that the company’s margins improved slightly by 10 basis points thanks to cost-saving …

Why has Infosys deferred salary hikes?
2 months, 3 weeks ago

Why has Infosys deferred salary hikes?

Firstpost  

Infosys, which last gave employees a pay hike in November 2023, has delayed its salary hike to the fourth quarter of 2025. The development comes months after the company, India’s second-largest IT services exporter, registered a nearly five per cent increase in its net profit in the second quarter of 2024. The company had said its consolidated net profit of …

Infosys defers annual salary hikes to fourth quarter: Report
Trending News
2 months, 3 weeks ago

Infosys defers annual salary hikes to fourth quarter: Report

Hindustan Times  

Infosys Ltd, India’s second-largest information technology services company has deferred annual wage hikes to the fourth quarter of the financial year 2024-25, Moneycontrol reported. Usually the wage hikes are implemented earlier in the year, and the postponement reflects the uncertainty in global demand for IT services, delayed client budgets, and macroeconomic uncertainties, according to the report. Infosys had said on …

Infosys delays annual wage hikes to Q4 FY25 amid uncertain global demand
2 months, 3 weeks ago

Infosys delays annual wage hikes to Q4 FY25 amid uncertain global demand

Live Mint  

IT major Infosys has deferred the annual wage hikes to the fourth quarter of the current financial year, Moneycontrol reported on Monday. Infosys issued performance bonuses in November In November, Infosys rolled out performance bonuses to eligible employees for the quarter ending September 30, 2024, PTI reported. TCS, Infosys and HCL Technologies are expected to see constant currency revenue growth …

IT giant Infosys defers annual salary hikes to Q4. 3 reasons why
2 months, 3 weeks ago

IT giant Infosys defers annual salary hikes to Q4. 3 reasons why

India Today  

India’s second-largest IT services provider, Infosys, has postponed its annual salary increments to the fourth quarter of the current financial year, reported moneycontrol.com. As part of its phased approach, Infosys had earlier announced plans to implement wage hikes partially in January and fully by April, as confirmed by Chief Financial Officer Jayesh Sanghrajka during the company’s Q2 earnings call. Despite …

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%
4 months ago

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%

Live Mint  

Infosys Share Price Today on 29-11-2024: At 29 Nov 11:25 today, Infosys shares are trading at price ₹1863.7, 0.34% up from the previous closing price. On the technical front, the stock is trading above the 20,100,300 days SMA & lower than the 5,10,50 day SMA. The stock will have support at 20,100,300 days SMA & face resistance at 5,10,50 days …

Infosys bonus payout: IT major to give 90% average performance bonus to eligible employees for Q2FY25
4 months ago

Infosys bonus payout: IT major to give 90% average performance bonus to eligible employees for Q2FY25

Live Mint  

Infosys bonus payout: Information technology Infosys is handing out a 90 per cent average performance bonus to eligible employees for the July-September quarter of the current fiscal year. According to news agency PTI, while the Bengaluru-headquartered software services major pays an average performance bonus of 90 per cent, the percentage will differ based on individual performance and contribution. Infosys Q2 …

Infosys Distributes 85% Average Performance Bonus For Q2 FY25, Says Report
4 months ago

Infosys Distributes 85% Average Performance Bonus For Q2 FY25, Says Report

ABP News  

India’s IT services giant, Infosys, has reportedly announced an 85 per cent average performance bonus payout for its eligible employees for the second quarter of the September 2024-25 fiscal year. In Q2 FY25, ending September, Infosys continued to lead industry growth for the second consecutive quarter, reporting a 4.7 per cent year-on-year increase in consolidated net profit, reaching Rs 6,506 …

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
8 months, 1 week ago

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook

The Hindu  

IT major Infosys Ltd on Thursday reported a 7% rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to ₹6,368 crore in the April-June quarter, compared to ₹5,945 crore in the same period a year back, according to a stock exchange filing by the company. Quarter-on-quarter …

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend
8 months, 1 week ago

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend

Hindustan Times  

Infosys raised its revenue growth forecast for the financial year 2024-25 on July 18, raising the growth percentage to 4% from 3% earlier. The IT giant's consolidated revenue grew 7% to ₹39,315 crore for the first quarter of the financial year 2024-25 from ₹37,933 during the previous year. The company had previously revised its yearly revenue growth guidance five times …

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%
8 months, 1 week ago

Infosys Q1 Results: Net Profit Rises 7% To Rs 6,368 Cr; Revenue Growth Outlook Raised To 3-4%

News 18  

Infosys Q1 Results 2024: In Q1 FY25, Infosys reported a 7.1% year-on-year increase in net profit to Rs 6,368 crore, surpassing expectations. Infosys Results Today Salil Parekh, CEO and MD, Infosys, said, “We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. According to analysts, Infosys was …

Infosys to share Q4 earnings today: Check results timing, details and preview here
11 months, 1 week ago

Infosys to share Q4 earnings today: Check results timing, details and preview here

Hindustan Times  

Infosys Q4 results: Infosys Ltd will declare its results for the March quarter on April 18 and is expected to declare a muted growth 3-4 per cent year-on-year growth in sales while Ebit margin is seen contracting marginally on a sequential basis amid wage hikes during the quarter. Infosys Q4 results: Infosys results come after IT major Tata Consultancy Services …

Infosys Q4 results announcement soon; revenues to margins, here is what to expect
11 months, 1 week ago

Infosys Q4 results announcement soon; revenues to margins, here is what to expect

Hindustan Times  

After the largest IT services company in India, Tata Consultancy Services last week, now it is the turn of the next tech biggie, Infosys, to reveal its 4th quarterly numbers and that will happen this week on April 18. Expectations are that revenue may drop sequentially, EBIT margins are likely to stay flat. Infosys net profit is likely to be …

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike
11 months, 1 week ago

Infosys Q4 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike

News 18  

Infosys, the country’s second-largest IT services company, is set to announce its financial results for the fourth quarter ended March 2024 on Thursday, April 18. BNP Paribas in its note said Infosys’ EBIT margin is likely to have declined by 25 basis points in Q4 FY24 to 20.3 per cent due to wage hike impact, visa costs and muted revenue …

Infosys gets demand notice of ₹341 crore from income tax department
11 months, 4 weeks ago

Infosys gets demand notice of ₹341 crore from income tax department

Live Mint  

IT giant Infosys said on Monday that it had been issued a tax demand of ₹341 crore by the Income Tax department for the assessment year 2020-21. “Infosys Ltd on March 31, 2024, received order under Section 201 & 201 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a …

TCS, Infosys, other IT majors add $22 bln in market value in 2 sessions: Report
1 year, 2 months ago

TCS, Infosys, other IT majors add $22 bln in market value in 2 sessions: Report

Live Mint  

With last quarter's higher-than-expected sales surprising investors and improving the outlook for the industry, shares of Indian software giants got off to a roaring start in the new year. The four major software companies have added roughly $22 billion in market value in just two trading sessions since Thursday, when the earnings season began, led by industry heavyweights Tata Consultancy …

Q3 results: Top 4 Indian IT companies balance caution and optimism
1 year, 2 months ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

Infosys Employees To Get 80% Average Variable Payout For Q2 This Month; Check Details
1 year, 4 months ago

Infosys Employees To Get 80% Average Variable Payout For Q2 This Month; Check Details

News 18  

IT major Infosys is going to give 80 per cent average variable pay to its employees this month for the July-September 2023 quarter, according to an ET report. The 80 per cent average variable pay in September 2023 is, however, higher than the 60 per cent average variable pay received by employees in the April 2023 quarter and 70 per …

Infosys shares fall, raising demand worries for Indian IT sector
1 year, 5 months ago

Infosys shares fall, raising demand worries for Indian IT sector

The Hindu  

Shares of Infosys, India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further worries of a delay in demand recovery in the sector. Several analysts said the IT company's move to cut outlook for the second straight quarter was emblematic of near-term …

Infosys share price falls 4% on Q2 result: Here’s what analysts say
1 year, 5 months ago

Infosys share price falls 4% on Q2 result: Here’s what analysts say

Live Mint  

Stock market today: Infosys shares are expected to witness heavy sell off pressure during Friday deals. Infosys ADR price crashed 6.53 per cent on Thursday signaling its disappointment over the Q2 results 2023. Cue Infosys ADR price movement at NYSE Infosys ADR price at NYSE opened lower at $16.40 per share, around 7 per cent lower from its Wednesday close …

Infosys Q2 net rises 3.2%, firm lowers revenue growth guidance
1 year, 5 months ago

Infosys Q2 net rises 3.2%, firm lowers revenue growth guidance

The Hindu  

Tech major Infosys reported a 3.17% increase in second-quarter net profit to ₹6,212 crore, and revised revenue growth guidance for this fiscal to 1% to 2.5% against the earlier estimate of 1% to 3.5%. “With large wins in the last two quarters, we are winning market share in the areas of cost and efficiency,” CEO and MD Salil Parekh said …

‘Slowing down’ at clients prompts Infosys to cut revenue growth guidance
1 year, 8 months ago

‘Slowing down’ at clients prompts Infosys to cut revenue growth guidance

The Hindu  

IT services major Infosys Ltd. on Thursday cut its full-year revenue growth guidance citing a distinct “stopping or slowing down” in some verticals, after reporting first-quarter net profit rose 10.9% year-on-year to ₹5,945 crore. The technology services provider pared its FY24 revenue growth forecast by at least 300 basis points to 1-3.5%, from 4-7% projected earlier amid an increasingly challenging …

Infosys announces Q1 results, says hiring to continue based on…
1 year, 8 months ago

Infosys announces Q1 results, says hiring to continue based on…

Live Mint  

Infosys Ltd. announced its Q1 results on Thursday, noting that attrition numbers and the demand environment would shape hiring decisions for the rest of the year. “We still have a target for recruiting for this year.but we will see how that plays out with respect to the changes in terms of the demand environment and what we do in terms …

Revenue guidance cut, headcount falls; 6 key points from Infosys’ Q1FY24 result
1 year, 8 months ago

Revenue guidance cut, headcount falls; 6 key points from Infosys’ Q1FY24 result

Live Mint  

The June quarter numbers of Infosys came mixed. The company registered an operating profit of ₹7,891 crore which was 14.1 per cent YoY while the operating margin came at 20.8 per cent up 70 bps against 20.1 per cent YoY. In constant currency terms, Infosys' Q1FY23 revenue grew 4.2 per cent YoY and one per cent QoQ. Financial services revenue …

Infosys attrition rate drops in Q1, employee headcount falls marginally
1 year, 8 months ago

Infosys attrition rate drops in Q1, employee headcount falls marginally

Live Mint  

IT services company Infosys on Thursday declared its Q1 results. The firm also shared an update on the attrition rate at the company which has shown an improvement and stands at 17.3% at the end of June 2023 quarter. Attrition eased to 17.3 per cent from 20.9 per cent in the March quarter and 28.4 per cent in the year-ago …

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%
1 year, 8 months ago

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%

Live Mint  

India’s second-largest information technology company Infosys Ltd announced its April-June quarter results for fiscal 2023-24 on July 20, sharply trimming its revenue guidance to 1-3.5 per cent for FY24 from 4-7 per cent amid an increasingly challenging demand environment. Infosys reported a rise of 11 per cent in net profit to ₹5,945 crore, compared to ₹5,360 crore in the corresponding …

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