Infosys Q2 Net Profit Up 20.5% at Rs 4,845 Cr, Announces Pay Hike with 100% Variable Pay to Employees
4 years, 2 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 the year-ago period. Infosys has revised its guidance upwards to 2-3 per cent growth in FY21 in constant currency terms. The company also said it is giving 100 per cent variable pay along with a special incentive for the second quarter.

Company Cent Infosys  hike  period  q2  pay  employees  cr  fy21  profit  infosys  crore  company  net  revenue  variable  rs  cent  quarter

History of this topic

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%
3 weeks, 5 days 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
3 weeks, 6 days 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 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 …

Infosys Share Price Today on 26-11-2024: Infosys share price are up by 1.78%, Nifty down by -0.02%
4 weeks, 1 day ago

Infosys Share Price Today on 26-11-2024: Infosys share price are up by 1.78%, Nifty down by -0.02%

Live Mint  

Infosys Share Price Today on 26-11-2024: At 26 Nov 11:15 today, Infosys shares are trading at price ₹1922.75, 1.78% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Infosys Share Price Today on 25-11-2024: Infosys share price are down by -0.48%, Nifty up by 1.82%
1 month ago

Infosys Share Price Today on 25-11-2024: Infosys share price are down by -0.48%, Nifty up by 1.82%

Live Mint  

Infosys Share Price Today on 25-11-2024: At 25 Nov 11:26 today, Infosys shares are trading at price ₹1893.85, -0.48% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Infosys Share Price Today on 22-11-2024: Infosys share price are up by 1.19%, Nifty up by 1.3%
1 month ago

Infosys Share Price Today on 22-11-2024: Infosys share price are up by 1.19%, Nifty up by 1.3%

Live Mint  

Infosys Share Price Today on 22-11-2024: At 22 Nov 12:48 today, Infosys shares are trading at price ₹1856, 1.19% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month ago

These companies post over 45% YoY rise in Q2 profits even as downgrades increase

Live Mint  

In its latest earnings review, Motilal Oswal Financial Services observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year decline. Hindalco: Aditya Birla Group’s Hindalco Industries Ltd reported an impressive 123.3 per cent YoY increase in net profit, reaching ₹1,891 crore for Q2 FY25, driven by robust operational performance in its …

Infosys Share Price Today on 13-11-2024: Infosys share price are up by 0.02%, Nifty down by -1.36%
1 month, 1 week ago

Infosys Share Price Today on 13-11-2024: Infosys share price are up by 0.02%, Nifty down by -1.36%

Live Mint  

Infosys Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Infosys shares are trading at price ₹1868.3, 0.02% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 12-11-2024: Infosys share price are up by 0.06%, Nifty down by -1.07%
1 month, 1 week ago

Infosys Share Price Today on 12-11-2024: Infosys share price are up by 0.06%, Nifty down by -1.07%

Live Mint  

Infosys Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Infosys shares are trading at price ₹1861.1, 0.06% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 11-11-2024: Infosys share price are up by 1.58%, Nifty down by -0.03%
1 month, 2 weeks ago

Infosys Share Price Today on 11-11-2024: Infosys share price are up by 1.58%, Nifty down by -0.03%

Live Mint  

Infosys Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Infosys shares are trading at price ₹1860, 1.58% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Infosys Share Price Today on 07-11-2024: Infosys share price are down by -1.19%, Nifty down by -1.16%
1 month, 2 weeks ago

Infosys Share Price Today on 07-11-2024: Infosys share price are down by -1.19%, Nifty down by -1.16%

Live Mint  

Infosys Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Infosys shares are trading at price ₹1802.65, -1.19% down from the previous closing price. On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days …

Infosys Price Today: Up 1.04%, Nifty Up 0.97%
1 month, 3 weeks ago

Infosys Price Today: Up 1.04%, Nifty Up 0.97%

Live Mint  

Infosys share price is up by 1.04% today, trading at ₹1872.55. The stock has hit a high of ₹1876.9 and a low of ₹1855.05 during the day. The company has a ROE of 32.08%, a P/E of 28.66, and a P/B of 8.53. The company has a 0.00% promoter holding, 15.77% MF holding, & 33.27% FII holding as per filings …

Infosys Share Price Today: Technical and Fundamental Analysis Indicates Potential Reversal
2 months ago

Infosys Share Price Today: Technical and Fundamental Analysis Indicates Potential Reversal

Live Mint  

Infosys share price is trading slightly up today, with a price change of 0.08%. The stock is currently trading at ₹1854, with a high of ₹1877.7 and a low of ₹1846.05. The company has a ROE of 32.08%, a P/E of 28.93, and a P/B of 8.61. The company has a 0.00% promoter holding, 15.77% MF holding, & 33.27% FII …

Infosys' ‘Power’ programme for freshers offers up to 9 lakh salary: What we know
4 months ago

Infosys' ‘Power’ programme for freshers offers up to 9 lakh salary: What we know

Hindustan Times  

Infosys launched a ‘power programme’ for colleges with differential hiring under which the IT major is offering packages of up to ₹9 lakh per annum, it was reported. Tata Consultancy Services also has a similar initiative names ‘Prime’ which focuses on specialised hiring of freshers for software development profiles and offers salaries in the range of ₹9-11 lakh per annum. …

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report
4 months, 2 weeks ago

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report

Hindustan Times  

The government is not considering any relaxation over the ₹32,000-crore tax demand it sent to Infosys Ltd, news agency Reuters citing sources in the know. The tax demand on Infosys is in accordance to GST rules and the company has sought ten days to submit its response after meeting tax officials, the report claimed. Last week GST authorities slapped a …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
4 months, 3 weeks ago

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors

The Hindu  

Tax authorities may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a ₹32,000-crore tax demand. In serving its highest-ever tax demand on Infosys, the government accused the country’s second largest tech services company of …

Infosys slapped with ₹32,403 crore GST notice for overseas expenses
4 months, 3 weeks ago

Infosys slapped with ₹32,403 crore GST notice for overseas expenses

The Hindu  

GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting in 2017. The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crore for the period July 2017 to March 2022 towards the expenses incurred …

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said
4 months, 3 weeks ago

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said

Hindustan Times  

Infosys shares fell almost 1 per cent today after the IT major received a GST notice citing a ₹32,000 crore tax evasion. The Directorate General of GST Intelligence said that Infosys is “liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of ₹32,403.46 crores for the period 2017-18 to 2021-22.” …

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

Info Edge India Q4 results : profit at ₹60.39Cr, Revenue increased by 8.7% YoY
7 months, 1 week ago

Info Edge India Q4 results : profit at ₹60.39Cr, Revenue increased by 8.7% YoY

Live Mint  

Info Edge India Q4 Results Live : Info Edge India announced their Q4 results on 16 May, 2024, with a topline growth of 8.7% and a profit of ₹60.39 crore. The revenue for Info Edge India saw a growth of 4.83% compared to the previous quarter. In terms of stock performance, Info Edge India delivered -1.43% return in the last …

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759
8 months ago

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759

Hindustan Times  

In an eye-ball grabbing figure, employee loss by the top 3 IT companies in India, TCS, Infosys and Wipro, for the full-year together stands at 63,759. Wipro's FY24 employee strength was 2,34,054 as on March 2024 - 9.1 per cent lower than the year-ago period. Wipro Q4 results Notably, today, the Bengaluru headquarered IT major, Wipro reported a 7.8 per …

Infosys to share Q4 earnings today: Check results timing, details and preview here
8 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 …

Q4 results today: Infosys, Bajaj Auto, HDFC Life, ICICI Securities among companies to post earnings
8 months, 1 week ago

Q4 results today: Infosys, Bajaj Auto, HDFC Life, ICICI Securities among companies to post earnings

Hindustan Times  

Q4 results today: The financial results for the fourth quarter of FY24 are scheduled to be released on April 18 by a total of 19 companies. These companies include: Infosys Ltd, Bajaj Auto Ltd, HDFC Life Insurance Company Ltd, ICICI Securities Ltd, TV18 Broadcast Ltd, Mastek Ltd, Network18 Media & Investments Ltd, Accelya Solutions India Ltd, Advik Capital Ltd, Eimco …

Infosys Q4 results announcement soon; revenues to margins, here is what to expect
8 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
8 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 …

Q4 results: TCS reports profit, but what of Infosys and Wipro?
8 months, 1 week ago

Q4 results: TCS reports profit, but what of Infosys and Wipro?

Hindustan Times  

Indian IT firms are all getting ready to reveal their Q4 results and things are looking a little brighter after the biggest tech firm in India, the Tata Consultancy Services reported a profit that actually beat street estimates last week. Bloomberg says, “The annual revenue at Infosys likely grew at the slowest pace since the 2018 fiscal year, consensus shows. …

For IT firms, deal wins paint a grim picture
10 months 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 …

Infosys share price touches 52-week high. Buy, hold or book profit?
11 months ago

Infosys share price touches 52-week high. Buy, hold or book profit?

Live Mint  

Stock market today: Infosys shares have been in uptrend after the announcement of Q3 results 2024 on 11th January 2024. Extending its bull trend for yet another session during Friday morning deals, Infosys share price today opened upside and went on to touch an intraday high of ₹1,665.50 per share on the NSE, which turned out its new 52-week high. …

TCS, Infosys, other IT majors add $22 bln in market value in 2 sessions: Report
11 months, 1 week 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
11 months, 1 week 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 …

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent
11 months, 1 week ago

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent

India TV News  

Wipro reported a 12 percent year-on-year decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. Revenue from IT business The company's revenue from its IT business declined by 1.1 per cent to Rs 22,151 crore. On Thursday, Tata Consultancy Services posted an 8.2 per cent growth in net income for the third …

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared
11 months, 1 week ago

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday posted a growth of 8.2 per cent year-on-year in its net profit to Rs 11,735 crore for the third quarter ended December 2023. Its revenue during October-December 2023 rose 4 per cent year-on-year to Rs 60,583 crore driven by strong double-digit growth in emerging markets, led by India. “We would …

Stocks to Watch: TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels
11 months, 2 weeks ago

Stocks to Watch: TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels

Live Mint  

Following are the top ten stocks that are likely to be in focus on Thursday: Tata Consultancy Services: TCS is expected to report a tepid growth in revenue and profit after tax for the third quarter of the current financial year on account of the prevailing weakness in discretionary spending in key markets in the West. Nuvama Wealth Management: The …

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 …

Dividend stock 2023: Infosys shares in focus as stock trades ex-dividend today
1 year, 2 months ago

Dividend stock 2023: Infosys shares in focus as stock trades ex-dividend today

Live Mint  

Dividend stock 2023: In this truncated week on Dalal Street, Infosys shares would be in focus today as the Indian IT major is going to trade ex-dividen today. Infosys dividend history Earlier, Infosys shares traded ex-dividend on 2nd June 2023 for finalising the list of eligible Infosys shareholders for payment of ₹17.50 per share final dividend for the financial year …

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 share price falls 4% on Q2 result: Here’s what analysts say
1 year, 2 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 Print: IT major to roll out wage hikes from Nov 1, skip campus hiring
1 year, 2 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 …

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 …

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared
1 year, 2 months ago

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Wednesday kick-started India’s Q2FY24 earnings season. The company posted an 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. The board of directors also approved a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not …

Infosys to release Q2 results, announce dividend on October 12; check details
1 year, 3 months ago

Infosys to release Q2 results, announce dividend on October 12; check details

Live Mint  

Infosys will announce its Q2FY24 financial result and interim dividend during its board of directors meeting on 12 October. The financial results and proposal for interim dividend, if any, will be presented to the Board of Directors on October 12, 2023 for their approval," the company said in its stock filing on Thursday. During the board meeting, Infosys will “approve …

Info Edge Q1 net profit rises 35% to ₹200 crore; revenue up 15% YoY
1 year, 4 months ago

Info Edge Q1 net profit rises 35% to ₹200 crore; revenue up 15% YoY

Live Mint  

Info Edge on Friday reported a standalone net profit of ₹200 crore for the first quarter of FY24, registering a growth of 34.7% from ₹148 crore in the same quarter of previous fiscal. Info Edge’s standalone revenue from operations in Q1FY24 increased 15.1% to ₹584.2 crore from ₹507.6 crore in the year-ago period. On a consolidated basis, Info Edge’s net …

CMS Info Systems Q1 Results: Net profit grows by 22% to ₹87 crore
1 year, 5 months ago

CMS Info Systems Q1 Results: Net profit grows by 22% to ₹87 crore

Live Mint  

CMS Info Systems released its Q1 results on 21 July and reported a 22 per cent growth in net income to ₹87 crore for the June 2023 quarter on higher revenue, the firm said in a stock regulatory filing. Apart from this, the firm said the cash logistics business' revenue rose 12 percent to ₹351 crore and gave an operating …

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore
1 year, 5 months ago

Infosys shares tumble 10% after cut in full-year revenue guidance; mcap falls by ₹43,776 crore

The Hindu  

Shares of Infosys tanked nearly 10% on Friday morning after the company reported a lower-than-expected 11% rise in net profit for the June quarter and slashed its FY24 growth outlook. Infosys on Thursday reported a lower-than-expected 11% rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5%t on delayed …

‘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 …

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