Infosys will return to industry growth by 2016: Vishal Sikka
10 years, 2 months ago

Infosys will return to industry growth by 2016: Vishal Sikka

India TV News  

Bengaluru: Global software major Infosys Ltd would return to industry growth and catch up with its peers by end of fiscal 2016-17, its chief executive Vishal Sikka said on Friday. Narayana Murthy had stated earlier, we will return to the industry growth in the next two years and be on par with our peers," Sikka told reporters here. "We have returned to strong growth path, as evident from our performance in the last two quarters and are committed to grow as much as the industry and our peers to be the next generation services firm with consistent profitable growth," Sikka said. Addressing shareholders at the 43rd annual general meeting June 15, 2013, Murthy said the company would take at least 36 months to rebuild and return to double-digit growth.

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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, 2 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 eyes early extension, AI boost for $3-billion Daimler deal
1 month ago

Infosys eyes early extension, AI boost for $3-billion Daimler deal

Live Mint  

India’s second-biggest information technology services company has begun work much in advance to expand its largest contract worth more than $3 billion, according to two people with knowledge of the matter. The Daimler project, dubbed ‘twice as fast program’ inside Infosys, has the company offering solutions in six areas—network, security, SAP basis, data centre, workplace, and operations—and assures it of …

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 …

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 surges 11% to Rs 6,806 crore, revenue up 8%
2 months, 1 week 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 …

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings
Trending News
2 months, 3 weeks 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 …

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 …

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

Infosys mega AI deal loss affects stock, shares dip nearly 3%
1 year, 3 months ago

Infosys mega AI deal loss affects stock, shares dip nearly 3%

Hindustan Times  

Infosys shares declined by nearly 3 per cent on Tuesday after the company revealed that an unnamed global partner, engaged in a $1.5 billion deal focused on AI solutions, decided to terminate its Memorandum of Understanding with the IT giant. Infosys On the last trading session, ahead of the, Infosys shares climbed 1.75 per cent to reach ₹1,561. On September …

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 …

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 …

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore
1 year, 8 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 …

All cloud, no silver lining for Infosys
1 year, 11 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, 11 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 Q4 Results: Attrition Declines To 20.9%; Low Hiring, Employee Headcount Reduces By 3,611 QoQ
1 year, 11 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, 11 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, 11 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, 11 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 …

Infosys set to pip Cognizant to become 2nd-largest IT services firm
2 years, 1 month 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 posts 11% jump in net profit
2 years, 5 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, 5 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 …

Infosys Q1 Results: Net Profit Rises 3.2% YoY To Rs 5,360 Crore; Revenue Up 23.6%
2 years, 8 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 …

TCS, Infosys Hiring to Go Up This Year: Know What IT Companies Say on Recruitment
2 years, 11 months ago

TCS, Infosys Hiring to Go Up This Year: Know What IT Companies Say on Recruitment

News 18  

IT Hiring in India: Indian IT companies are on a spree to declare the reports of their earnings during the quarter ended March 31, 2022. Both the companies, while declaring their Q4 earnings, have also shared insights on their hiring numbers and have also given estimates on how many employees they are going to hire in the current financial year. …

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month
2 years, 11 months ago

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month

News 18  

As attrition rates continued to rise amid a robust environment full of demand, software major Infosys said on Wednesday that it has hired 85,000 freshes — both off campus and on campus — in the financial year ended March 31, 2022. Infosys Hiring Infosys hired as many as 54,396 employees for the year, and the company said that it was …

Infosys offers salary hikes from April, to hire 50,000 freshers this year
2 years, 11 months ago

Infosys offers salary hikes from April, to hire 50,000 freshers this year

Live Mint  

Infosys attrition rate zoomed to 27.7% in March quarter, up from 25.5% in the December quarter, but the management was confident that the rate was actually down in the last quarter. Infosys has hired 85,000 freshers in the financial year gone by and is looking to hire upwards of 50,000 in the current fiscal. “Infosys delivered highest annual growth in …

Infosys Q4 Net Profit Jumps 12% YoY to Rs 5,686 Crore; Revenue Up 22.7%; Dividend Declared
2 years, 11 months ago

Infosys Q4 Net Profit Jumps 12% YoY to Rs 5,686 Crore; Revenue Up 22.7%; Dividend Declared

News 18  

IT major Infosys on Wednesday reported a consolidated net profit of Rs 5,686 crore for the March 2022 quarter, a growth of 12 per cent as compared with Rs 5,076 crore in the year-ago quarter. The company’s total operating expenses during January-March 2022 increased 12.6 per cent to Rs 3,048 crore, compared with Rs 2,707 crore a year ago, according …

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%
2 years, 11 months ago

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%

Live Mint  

India's second largest IT services exporter Infosys Ltd's consolidated net profit rose 12% to ₹5,686 crore for the March quarter. A Bloomberg consensus estimate expected Infosys to post a net profit of ₹5,961 crore, while revenues were seen at ₹32,709 crore for the March quarter. “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated …

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%
3 years, 2 months ago

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%

Firstpost  

Infosys’ revenue grew 22.9 percent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added New Delhi: India’s second-largest software services firm Infosys on Wednesday reported an 11.8 percent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. Infosys’ revenue grew 22.9 percent to Rs 31,867 …

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline
3 years, 5 months ago

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

India TV News  

Infosys Ltd, India's second-largest IT services company, on Wednesday reported better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to it raising its annual revenue outlook. Net profit in July-September at Rs 5,421 crore, or Rs 12.88 a share, was 11.9 per cent higher than Rs 4,845 crore …

Infosys COO Pravin Rao set to retire, company to announce new structure soon
3 years, 5 months ago

Infosys COO Pravin Rao set to retire, company to announce new structure soon

India TV News  

Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company will announce a new corporate structure soon. On Infosys' plans to bring employees back to office, as more and more people get vaccinated, the company said globally about 97 per cent employees are still working from …

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore
3 years, 8 months ago

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore

ABP News  

Mumbai: Information technology major Infosys on Wednesday reported a 23% jump in its net profit to Rs 5195 crore on the back of large deal wins. "We remain confident of delivering on the margin guidance, underpinned by our comprehensive cost optimization program, despite increasing cost headwinds arising largely from compensation review, talent acquisition and retention", said Nilanjan Roy, Chief Financial …

Infosys to Hire 35,000 College Graduates in FY22
3 years, 8 months ago

Infosys to Hire 35,000 College Graduates in FY22

News 18  

Infosys, the second largest Information Technology company has announced to hire 35,000 college graduates this financial year. We plan to meet this demand by expanding our hiring program of college graduates for FY 22 to 35,000 globally,” said Pravin Rao, chief operating officer, Infosys. We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews and learning …

Infosys in a sweet spot as it races past TCS on profit growth in FY21
4 years, 2 months ago

Infosys in a sweet spot as it races past TCS on profit growth in FY21

Live Mint  

On Monday, in response to Tata Consultancy Services Ltd’s better-than-expected December quarter results, investors drove the company’s shares up by 1.8%. In constant currency terms, Infosys’s revenues have risen 6.6% year-on-year, compared to a mere 0.4% growth in the case of TCS. And, in a clear sign that the growth differential may continue for some time, Infosys announced that the …

Infosys Q2 Net Profit Up 20.5% at Rs 4,845 Cr, Announces Pay Hike with 100% Variable Pay to Employees
4 years, 5 months ago

Infosys Q2 Net Profit Up 20.5% at Rs 4,845 Cr, Announces Pay Hike with 100% Variable Pay to Employees

News 18  

India’s second-largest IT services company Infosys on Wednesday said its consolidated net profit grew by 20.5 per cent to Rs 4,845 crore for the September quarter, and it has raised revenue forecast to 2-3 per cent for FY21. The Bengaluru-based company’s revenues rose 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in …

Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21
4 years, 11 months ago

Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21

Firstpost  

Shares of IT major Infosys on Tuesday declined nearly 4 percent after the company refrained from providing a revenue outlook for FY21, citing uncertainty amid Covid-19 outbreak that is expected to impact its business in the near-term New Delhi: Shares of IT major Infosys on Tuesday declined nearly 4 percent after the company refrained from providing a revenue outlook for …

Infosys suspends promotions and salary hikes, freezes hiring, but says no layoffs
4 years, 11 months ago

Infosys suspends promotions and salary hikes, freezes hiring, but says no layoffs

Live Mint  

In the wake of coronavirus, IT firm Infosys said pressure on margins could be visible in near term. However, its CEO Salil Parekh said the company is seeing increased client interest in cloud services. Infosys CFO Nilanjan Roy, through a video conferencing call, said the company has stopped hiring, promotions and salary hikes to manage costs in order to offset …

Infosys shares jump over 5% after company reports 24% rise in consolidated net profit for December quarter
5 years, 2 months ago

Infosys shares jump over 5% after company reports 24% rise in consolidated net profit for December quarter

Firstpost  

New Delhi: Shares of Infosys on Monday jumped over 5 percent after the company reported a 23.7 percent rise in consolidated net profit for the December quarter. Infosys on Friday said its audit committee has found no evidence of financial impropriety or executive misconduct, virtually giving a clean chit to CEO Salil Parekh and CFO Nilanjan Roy who were accused …

Infosys October-December quarter net profit up 23.7% at Rs 4466 cr; raises FY20 revenue outlook to 10-10.5%
5 years, 2 months ago

Infosys October-December quarter net profit up 23.7% at Rs 4466 cr; raises FY20 revenue outlook to 10-10.5%

Firstpost  

Bengaluru: Country’s second-largest IT services major Infosys on Friday reported a 23.7 percent rise in consolidated net profit at Rs 4,466 crore for the December quarter. The company had posted a net profit of Rs 3,610 crore in the year-ago period, Infosys said in a BSE filing. #3QWithCNBCTV18 | Infosys reports Q3 results with rise in net profit & revenue …

Opinion: Infosys may need some private time to fix itself
5 years, 5 months ago

Opinion: Infosys may need some private time to fix itself

Live Mint  

India’s best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys Ltd. can hit only two goals at a time. It’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani, who returned to the Bangalore-based company two years ago during a previous crisis — sparked by a set of different anonymous …

Infosys shares fall over 4 per cent after Q2 earnings
5 years, 5 months ago

Infosys shares fall over 4 per cent after Q2 earnings

India TV News  

Shares of Infosys on Monday fell over 4 per cent after the company reported a decline in its consolidated net profit for the July-September quarter. The country's second-largest IT services company on Friday said its consolidated net profit declined by 2.2 per cent to Rs 4,019 crore for the July-September 2019 quarter. The company's revenue rose by 9.8 per cent …

Infosys clocks 9.8 per cent revenue growth in Q2
5 years, 5 months ago

Infosys clocks 9.8 per cent revenue growth in Q2

Deccan Chronicle  

Mumbai: Infosys, India’s second largest IT services company, delivered stronger second quarter revenue growth than its peer Tata Consultancy Services. The Bengaluru-based firm saw its revenues rise 9.8 per cent to Rs 22,629 crore during the July-September 2019 quarter against Rs 20,609 crore in the year-ago quarter. Infosys also raised the lower-end of its FY20 revenue guidance, and the revised …

Infosys raises FY20 guidance to 9-10% on large deals flow
5 years, 5 months ago

Infosys raises FY20 guidance to 9-10% on large deals flow

Live Mint  

Bengaluru: Infosys Ltd, India’s second largest software exporter by revenue, posted a strong set of numbers on Friday, a day after the country’s largest information technology services provider Tata Consultancy Services Ltd missed earnings estimates. Following a seasonally strong second quarter, Infosys raised the lower end of its fiscal year 2020 revenue guidance, revising it to 9-10% from 8.5-10% earlier, …

Will TCS, Infosys deliver in seasonally strong September quarter?
5 years, 5 months ago

Will TCS, Infosys deliver in seasonally strong September quarter?

Live Mint  

The July-September quarter has historically been the strongest one for Indian IT services companies. “Organic growth is estimated at 2.4% sequentially for the top four IT firms— TCS, Infosys, HCL Technologies and Wipro—in the September quarter, barely higher than the 2.3% growth reported in each of the preceding two quarters,” says an IT sector analyst at a domestic institutional firm, …

Infosys hired 9,100 people in the US between Apr '17-Mar '19
5 years, 9 months ago

Infosys hired 9,100 people in the US between Apr '17-Mar '19

India TV News  

IT major Infosys said it has hired over 9,000 people in the US between April 2017 and March 2019, almost meeting its target of recruiting 10,000 American workers. Infosys Chairman Nandan Nilekani described FY2018-19 as a year of "resolute stability" and said the company has deepened its focus on strengthening its digital capabilities, especially in areas like analytics, cloud, Internet …

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