Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings
Trending News
2 days, 4 hours ago

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings

Live Mint  

In a first, Infosys Ltd has asked employees to think out of the box and come up with new ideas that can be scaled up and offered to clients as part of a business incubator programme. A core objective of the ‘Be The Next Business Incubator’ programme, which is open to all employees across job levels, locations and subsidiaries, is to generate new revenue streams and growth opportunities for the Bengaluru-based company, according to an internal mail sent by Infosys to its employees on 26 December, which Mint reviewed. In July 2014, then Infosys chief executive Vishal Sikka launched ‘murmurations,’ a crowdsourcing initiative aimed at encouraging employees to come up with ideas that could be implemented by clients. While Infosys does not break up the revenue from its business platforms, the move to introduce new business offerings is in line with the company’s growth plan.

Business Growth Employees Revenue Ideas Idea Company Infosys  turns  services  growth  looking  incubator  business  revenue  company  infosys  employees  ideas  idea  scaled  offerings

History of this topic

Infosys delays salary hikes, here is when employees will get it
Trending News
2 days, 11 hours 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 …

Infosys defers annual salary hikes to fourth quarter: Report
Trending News
3 days 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 Distributes 85% Average Performance Bonus For Q2 FY25, Says Report
1 month, 2 weeks 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 …

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down
2 months, 2 weeks ago

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down

Live Mint  

Indian IT companies are seeing a rebound in revenue growth, with four of the five largest companies hiring more people in the first six months of the fiscal year compared to the year-ago period. This positive guidance comes at a time when the companies' order books have shrunk in H1FY25 compared to H1FY24, but the current quarter (Q3) is not …

Mint Primer | IT services: When will the tide turn?
5 months, 2 weeks ago

Mint Primer | IT services: When will the tide turn?

Live Mint  

With a mixed performance in Q1 FY25, the $250-billion IT services industry is not entirely out of the woods. HCLTech and Wipro revenues fell sequentially, though profit grew, while LTIMindtree’s profit fell 1.5% y-o-y. Infosys reported better-than expected numbers with net profit up 7.1% y-o-y and raised revenue guidance for FY25 to 3-4% from 1.5- 2% earlier. Some verticals are …

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
5 months, 3 weeks 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
5 months, 3 weeks 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%
5 months, 3 weeks 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 …

Tech layoffs: Infosys CEO says company is not ‘downsizing’, no job cuts expected
7 months, 1 week ago

Tech layoffs: Infosys CEO says company is not ‘downsizing’, no job cuts expected

Hindustan Times  

Infosys CEO Salil Parekh said that the company has no plans to cut jobs amid layoffs in the tech industry. Infosys CEO Salil Parekh said that Infosys will not follow the trend of downsizing. "We at Infosys, a very strong and generative AI and over the next several years, we will have more and more people joining us who become …

Job growth in IT sector may come back in 2nd half of FY25
8 months, 2 weeks ago

Job growth in IT sector may come back in 2nd half of FY25

New Indian Express  

BENGALURU: The IT sector has been witnessing a decline in employee headcount for at least five quarters now, but projections suggest a notable increase in hiring activity, with expectations of an 8-10% rise in recruitment throughout this calendar year. “The overall hiring landscape within the IT industry is forecasted to experience a surge of 12-15% in CY2024, driven primarily by …

Infosys to share Q4 earnings today: Check results timing, details and preview here
8 months, 3 weeks 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 Preview: Revenue, EBIT Margins To Be Muted Amid Weak Demand, Wage Hike
8 months, 3 weeks 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 promoted in-house talent to top jobs after high-level exodus: Nomura
10 months ago

Infosys promoted in-house talent to top jobs after high-level exodus: Nomura

Live Mint  

Bengaluru: As IT companies grapple with top-level management churn, Infosys Ltd in February said that all the roles left vacant due to senior leadership departures have been internally filled, according to a research note by Nomura Holdings, Inc. Citing a deep bench of senior leadership within the company, Infosys’s top management said of the company’s more than 90 senior vice-presidents …

Infosys CEO Salil Parekh joins USISPF Board
10 months, 2 weeks ago

Infosys CEO Salil Parekh joins USISPF Board

Hindustan Times  

An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Parekh in his capacity as Infosys CEO sets the strategic direction of one of India’s most notable IT giants, while nurturing a strong leadership team to drive its execution. Infosys has been a household name in India, and IT services are …

For IT firms, deal wins paint a grim picture
10 months, 3 weeks ago

For IT firms, deal wins paint a grim picture

Live Mint  

The revival hopes for the information technology sector hinge significantly on the rate of deal acquisitions, yet the December quarter witnessed a lukewarm performance in this arena. “Ex-Infosys, last twelve month deal flow growth was 5-18% year-on-year with Tech Mahindra down 41% year-on-year," said a report from Ambit Capital. Subdued deal activity is likely to impact short-term revenue growth across …

Q3 results: Top 4 Indian IT companies balance caution and optimism
11 months, 3 weeks 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, 1 month 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, 2 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 Q2 net rises 3.2%, firm lowers revenue growth guidance
1 year, 2 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, 5 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 …

Revenue guidance cut, headcount falls; 6 key points from Infosys’ Q1FY24 result
1 year, 5 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, 5 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, 5 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 …

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore
1 year, 5 months ago

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore

Live Mint  

Infosys Q1 Results: Information Technology services major, Infosys Ltd on Thursday reported an 11% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹5,945 crore. The IT company's consolidated revenue from operations stood at ₹37,933 crores during the quarter ended June from ₹34,470 crore in Q1FY23. The company's consolidated total income for the quarter …

Infosys to announce Q1 earnings results for FY24 tomorrow. Where to track, what to expect?
1 year, 5 months ago

Infosys to announce Q1 earnings results for FY24 tomorrow. Where to track, what to expect?

Hindustan Times  

On Thursday, Infosys will announce its earnings results for the first quarter ended June 30 for the financial year 2023-24. Expectations A CNBC TV18 poll expects Infosys' revenue to be at 4591.5 and 37,716, an increase of 0.8% and 0.7% respectively from the previous March quarter. Also, the company is expected to make a net profit of ₹6193.5 crore, 1.1% …

Infosys bags order from bp, to manage its end-to-end application services
1 year, 7 months ago

Infosys bags order from bp, to manage its end-to-end application services

Live Mint  

IT major Infosys and bp, a global integrated energy company on Tuesday announced signing of a Memorandum of Understanding to demonstrate their intent for Infosys to be bp’s primary partner for end-to-end application services, including development, modernization, management and maintenance. As bp pivots towards becoming an integrated energy company with the ambition to be a net zero company by 2050 …

IT firms may revise guidance upward in second half of FY24
1 year, 8 months ago

IT firms may revise guidance upward in second half of FY24

Live Mint  

New Delhi: The information technology services sector, valued at $245 billion in FY23 as per industry body Nasscom, may revise its growth guidance in the second half of this fiscal year, pinning their hopes on improving macroeconomic conditions by the end of the year. Most industry experts and analysts expected large-cap IT service providers to report drops in revenue growth, …

All cloud, no silver lining for Infosys
1 year, 8 months ago

All cloud, no silver lining for Infosys

Live Mint  

There are no silver linings in Infosys Ltd’s results for the March quarter. Unplanned project ramp downs, delays in decision making and one-off impact due to certain cancellations hit revenue growth, the Infosys management said. View Full Image Graphic: Mint Remember, just in January, Infosys had raised its FY23 CC revenue growth guidance to 16-16.5% from 15-16% earlier. “While the …

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter
1 year, 8 months ago

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter

The Hindu  

Infosys on Thursday said it recorded an 8% year-on-year increase in fourth-quarter net profit to ₹6,128 crore. “Infosys delivered a surprisingly weak set of numbers for Q4 and missed street estimates on all multiple fronts on the back of unplanned project ramp-downs and cancellation across sectors,” said Sanjeev Hota, head of research, Sharekhan by BNP Paribas. “We have seen unplanned …

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%
1 year, 8 months ago

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%

Live Mint  

IT company Infosys on Thursday gave a revenue guidance of 4% to 7% in constant currency terms for the current financial year. The Bengaluru-based IT giant also posted a 7.8% year-on-year rise in consolidated net profit at ₹6,128 crore in March quarter of FY23. Infosys - which competes in the market with Tata Consultancy Services, Wipro and other IT firms …

Infosys Q4 Results: Attrition Declines To 20.9%; Low Hiring, Employee Headcount Reduces By 3,611 QoQ
1 year, 8 months ago

Infosys Q4 Results: Attrition Declines To 20.9%; Low Hiring, Employee Headcount Reduces By 3,611 QoQ

News 18  

Infosys Q4 Results: IT services company Infosys on Thursday announced its quarter four results. Infosys posted nearly 8% increase in consolidated net profit at Rs 6,128 crore for the quarter ended March 31, 2023. The company’s total employee counts at the end of quarter four stood at 3,43,234, which is lesser by 3,611 from quarter three headcount of 3,46,845. Meanwhile, …

Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore
1 year, 8 months ago

Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore

Hindustan Times  

Technology giant Infosys on Thursday said its fourthn quarter net profit rose to 7.8 per cent year-on-year to ₹6,128 crore. Infosys March quarter consolidated net profit rises 7.8 pc year-on-year to ₹ 6,128 crore: Regulatory filing. The company said its March quarter consolidated revenue up by 16 per cent year-on-year at ₹37,441 crore. The company said its revenue rose 16.9 …

Infosys Q4 Results Today: After TCS results, 5 key metrics to watch out for
1 year, 8 months ago

Infosys Q4 Results Today: After TCS results, 5 key metrics to watch out for

Live Mint  

Infosys, an IT company, is slated to announce its fourth-quarter earnings for FY23 today, which may be impacted by seasonal weakness and macroeconomic uncertainties. Revenue growth According to media reports, Infosys is anticipated to experience a revenue growth of approximately 1-2.4 per cent, which may be hindered by macroeconomic challenges. During the third quarter, Infosys experienced a decrease in attrition, …

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say
1 year, 8 months ago

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say

Live Mint  

Shares of information technology services major Infosys rose during Wednesday's trading session a day before the IT company is scheduled to announce its financial results for the March quarter on Thursday, 13 April. Ahead of its fourth quarter results, shares of Infosys have an average price target of ₹1,720.36, as per publicly available data with Trendlyne, which suggests a 20.84 …

IT firms likely to record muted hiring in Q4. What to expect from TCS, Infosys?
1 year, 8 months ago

IT firms likely to record muted hiring in Q4. What to expect from TCS, Infosys?

Live Mint  

Major IT companies have lined up to present their fourth quarter earnings for fiscal year FY23, starting with TCS and Infosys later this week. For FY23, B&K expects net addition of over 40,000 in TCS versus an addition of 1 lakh in FY22 and 40,000 in FY21. Meanwhile, HCL Tech is likely to record a net addition of more than …

India IT services biz set to sink to three-year lows in March qtr
1 year, 8 months ago

India IT services biz set to sink to three-year lows in March qtr

Live Mint  

NEW DELHI : Homegrown IT services firms are likely to close the last financial year on a sombre note, with analysts predicting three-year lows for the sector on various metrics such as deal bookings and revenue growth. The March quarter performance could also set the tone for FY24, in which experts expect deferred deals for the industry leading to slower …

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?
1 year, 9 months ago

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?

News 18  

Shares of Infosys were down as much as 1.3 per cent on Thursday. The stock is down in 12 of the last 13 sessions and is just 1.5 per cent away from its 52-week low of Rs 1,355.50, which it fell to in September last year. In the past one month, Infosys has underperformed the market by falling 12 per …

Infosys appoints Shaji Mathew as head of human resources
1 year, 10 months ago

Infosys appoints Shaji Mathew as head of human resources

Live Mint  

IT major Infosys Ltd on Friday announced that the company has appointed Shaji Mathew as Group Head of Human Resources effective March 22, 2023. "Based on the recommendations of the Audit Committee and the Nomination and Remuneration Committee, the Board also designated Shaji Mathew as an executive officer for the purpose of reporting under the rules of Securities and Exchange …

Infosys set to pip Cognizant to become 2nd-largest IT services firm
1 year, 11 months ago

Infosys set to pip Cognizant to become 2nd-largest IT services firm

Live Mint  

Cognizant Technology Solutions Corp. saw its revenue slip sequentially in the October-December period and forecast business to fall further in the January-March period, helping Infosys Ltd race past the Nasdaq-listed technology firm to become the second-largest homegrown IT services firm. Infosys, which posted $4.66 billion in revenue in the October-December period, expects to grow between 16% and 16.5% in constant …

Infosys attrition rate drops in Q3, net employee addition slows down
1 year, 11 months ago

Infosys attrition rate drops in Q3, net employee addition slows down

Live Mint  

Infosys has announced its financial results for the third quarter ending December 31, 2022 period. During Q3, the IT giant continued to record a sharp decline in its attrition rate, however, its net addition of employees slowed down drastically on a quarter-on-quarter basis. As per the regulatory filing, Infosys' attrition rate of IT services stood at 24.3% in the December …

Infosys Q3FY23: Know time, date, earnings details of the quarter. What to expect
2 years ago

Infosys Q3FY23: Know time, date, earnings details of the quarter. What to expect

Live Mint  

Infosys will be in focus in the trading sessions in the week ahead due to its announcement of third-quarter financial results for fiscal year FY23. As per the regulatory filing, the company will announce results for the third quarter that ended December 31, 2022, on Thursday, January 12, 2023, around 3.45 p.m. Indian Standard Time. Also, the company will conduct …

From ₹10,000 to over $16 billion now: Infosys has much to celebrate
2 years ago

From ₹10,000 to over $16 billion now: Infosys has much to celebrate

Live Mint  

New Delhi/Bengaluru: In today’s India where startups are in vogue, it may be hard to imagine that the seven co-founders of Infosys Ltd, now the country’s second-largest IT services provider, were unaware of the term when they embarked on their entrepreneurial journey four decades ago. To celebrate its four decades in the industry, Infosys will have a discussion on Wednesday …

Infosys posts 11% jump in net profit
2 years, 2 months ago

Infosys posts 11% jump in net profit

Live Mint  

Infosys Ltd raised its annual revenue forecast and reported better-than-expected September quarter profit despite fears of a global recession clouding the outlook for tech spending. Order inflows remained strong despite fears that clients may slash discretionary tech spending because of a potential recession in the US and Europe, Infosys’s two biggest markets. The financial services sector contributed 30.5% of Infosys’s …

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced
2 years, 2 months ago

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced

News 18  

Infosys Q2 Results: IT major Infosys on Thursday posted a consolidated net profit of Rs 6,021 crore for the September 2022 quarter, a growth of 11.1 per cent as compared with Rs 5,421 crore in the year-ago quarter. Sequentially, Infosys’ net profit jumped 12.3 per cent as compared with Rs 5,360 crore in the June 2022 quarter. “The board approved …

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details
2 years, 3 months ago

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details

News 18  

Goldman Sachs has downgraded India’s major IT services companies Tata Consultancy Services and Infosys from ‘buy’ to ‘sell’ citing a potential slowdown in their dollar revenue growth amid impending global macroeconomic stress. For the June 2022 quarter, TCS reported a consolidated net profit of Rs 9,478 crore, a jump of 5.2 per cent on a year-on-year basis. The company’s revenue …

Infosys misses profit estimates in Q1 but raises FY23 revenue guidance
2 years, 5 months ago

Infosys misses profit estimates in Q1 but raises FY23 revenue guidance

Live Mint  

IT-giant, Infosys registered a single-digit 3.2% growth in consolidated net profit to ₹5,360 crore for the quarter ending June 30, 2022 compared to a profit of ₹5,195 crore in the same period last year, missing analysts' as rising costs took the shine off deal wins in the quarter. Consolidated revenue, meanwhile, increased by 23.6% in the quarter under review to …

Infosys Q1 Results: Net Profit Rises 3.2% YoY To Rs 5,360 Crore; Revenue Up 23.6%
2 years, 5 months ago

Infosys Q1 Results: Net Profit Rises 3.2% YoY To Rs 5,360 Crore; Revenue Up 23.6%

News 18  

Infosys Q1FY23 Results: IT major Infosys on Sunday reported a consolidated net profit of Rs 5,360 crore for the June 2022 quarter, a growth of 3.2 per cent as compared with Rs 5,195 crore in the year-ago quarter. Sequentially, Infosys’ net profit declined 5.7 per cent as compared with Rs 5,686 crore in the March 2022 quarter. The Bengaluru-based IT …

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock
2 years, 7 months ago

Infosys shares fall 22% from highs, Why Jefferies has ’Buy’ on the IT stock

Live Mint  

IT major Infosys' shares have fallen 22% from its highs on the back of weak Q4 results due to margin pressures, as well as growing concerns on growth due to worsening macro and rising yields. Analysts at Jefferies believe Infosys is well positioned to deliver 11/15% CAGR in revenue/EPS over FY23-25 as cloud adoption is still low, low US unemployment …

Infosys CEO To Get Rs 80-Crore Salary: Revenue to Return, How Parekh Transformed Company
2 years, 7 months ago

Infosys CEO To Get Rs 80-Crore Salary: Revenue to Return, How Parekh Transformed Company

News 18  

Even as Infosys CEO Salil Parekh got a 43 per cent hike in his total compensation to Rs 71.02 crore per annum in 2021-22, the company has justified the increase in salary saying the firm has achieved industry-leading growth in recent years. Justifying the salary, the company in the report said, “Under Salil’s leadership, the company’s total shareholder return was …

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