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 to 4.5-5 per cent today. On Thursday, January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit at ₹6,806 crore, compared to ₹6,106 crore in the year-ago period. Infosys Q3 Results: Key metrics Infosys Ltd reported 11.46 per cent rise in third quarter net profit on pick-up in demand, which also prompted the IT giant to raise its annual sales FY25 forecast for a third time this fiscal year. Improved demand from US clients helped all eight business segments at Infosys post higher growth, with its mainstay financial services arm notching 6.1 per cent revenue growth.

Crore Cent Quarter Infosys Revenue Growth Adr Infosys Adr  major  infosys  reports  quarter  crore  revenue  growth  results  cent  yearago  nyse  rose  stock  q3fy25  adr

History of this topic

Infosys share price dips after JP Morgan’s downgrade; promoter Shruti Shibulal acquires company shares worth ₹469 crore
2 weeks, 1 day ago

Infosys share price dips after JP Morgan’s downgrade; promoter Shruti Shibulal acquires company shares worth ₹469 crore

Live Mint  

IT major Infosys share price continues to decline for second session straight on Thursday. Infosys share price has been on focus after one of the promoter's Shruti Shibulal bought additional 29.84 lakh shares of the IT giant. Shibulal, recently purchased 2,984,057 shares of Infosys at an average price of ₹1,657 per share, totaling ₹494.46 crore. JP Morgan downgrades Infosys stock …

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 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’ …

Adroit Infotech Q3 Results 2025 on 23 Jan, 2025: profit falls by 65.61% YOY, profit at ₹0.54 crore and revenue at ₹7.68 crore
2 months ago

Adroit Infotech Q3 Results 2025 on 23 Jan, 2025: profit falls by 65.61% YOY, profit at ₹0.54 crore and revenue at ₹7.68 crore

Live Mint  

Adroit Infotech Q3 Results 2025:Adroit Infotech declared their Q3 results on 22 Jan, 2025, revealing a mixed performance for the quarter. In comparison to the previous quarter, Adroit Infotech showed positive growth, with revenue growing by 8.63% and profit increasing by 20%. Adroit Infotech has seen a -3.25% return in the last week, a 5.01% return over the last six …

Wipro ADR rises 4% on NYSE after IT major’s net profit shoots 24% YoY to surpass Street estimates in Q3FY25
2 months, 1 week ago

Wipro ADR rises 4% on NYSE after IT major’s net profit shoots 24% YoY to surpass Street estimates in Q3FY25

Live Mint  

Wipro ADR: American Depository Receipt shares of India's fourth-largest IT services company witnessed a sharp rise on the New York Stock Exchange after declaring its October-December quarter results for fiscal 2024-25. Wipro ADR rose 4.09 per cent to $3.435 on the American stock exchange after the IT major surpassed D-Street expectations with its net profit surging 24.5 per cent in …

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 …

Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Reliance Q3 results to Infosys ADR
2 months, 1 week ago

Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Reliance Q3 results to Infosys ADR

Live Mint  

Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open lower on Friday tracking weakness in global markets. Here are key global market cues for Sensex today: Asian Markets Asian markets traded lower on Friday following overnight weakness on Wall Street and as investors await key economic data from China. Gift Nifty Today Gift …

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 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, 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 …

Infosys Q3 results tomorrow: 5 things to watch out for
2 months, 1 week 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 …

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, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates
3 months, 1 week ago

Infosys, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates

Live Mint  

Infosys, Wipro ADRs Today: American Depository Receipt shares of India's leading information technology service providers Infosys and Wipro witnessed a sharp rise on the New York Stock Exchange after global IT major Accenture's first-quarter earnings beat Wall Street estimates across most metrics. On Thursday, Infosys's ADR surged 3.58 per cent to $23.46 on the American stock exchange, while Wipro's ADR …

Infosys Share Price Today on 29-11-2024: Infosys share price are up by 0.34%, Nifty up by 0.87%
3 months, 4 weeks 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 Share Price Today on 26-11-2024: Infosys share price are up by 1.78%, Nifty down by -0.02%
4 months 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%
4 months 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%
4 months 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 …

Infosys Share Price Today on 13-11-2024: Infosys share price are up by 0.02%, Nifty down by -1.36%
4 months, 2 weeks 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%
4 months, 2 weeks 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%
4 months, 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%
4 months, 3 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%
5 months 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
5 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 …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
7 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 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 share price touches 52-week high. Buy, hold or book profit?
1 year, 2 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
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 …

Stocks to Watch: TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels
1 year, 2 months 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 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 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 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 …

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 …

Infosys underperforms IT index, can the stock turn around going ahead?
1 year, 6 months ago

Infosys underperforms IT index, can the stock turn around going ahead?

Live Mint  

Infosys share price declined about a percent in intraday trade on BSE on Thursday, in sync with a weak market sentiment even as a day ago the company announced an expansion of its strategic partnership with US chipmaker, Nvidia which, as per market participants, is a positive development. Infosys share price has significantly underperformed its sectoral index BSE IT and …

Infosys share price Today Live Updates : Infosys closed today at ₹1372, down -1.23% from yesterday's ₹1389.15
1 year, 7 months ago

Infosys share price Today Live Updates : Infosys closed today at ₹1372, down -1.23% from yesterday's ₹1389.15

Live Mint  

On the last day, Infosys opened at ₹1393.4 and closed at ₹1394.3. Infosys share price NSE Live :Infosys closed today at ₹1372, down -1.23% from yesterday's ₹1389.15 Today, Infosys stock closed at ₹1372, with a percent change of -1.23% and a net change of -17.15. Infosys share price update :Infosys trading at ₹1374.55, down -1.05% from yesterday's ₹1389.15 The current …

‘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 …

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