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 period. Infosys on Thursday reported an 11 per cent rise in consolidated net profit in June quarter at ₹5,945 crore, but lowered full-year growth outlook to 1-3.5 per cent amid macro uncertainties. The company posted a revenue growth of 10 per cent to ₹37,933 crore, up from ₹34,470 crore in the year-ago period.

Company Cent Infosys  marginally  cent  employees  quarter  drops  growth  crore  rate  employee  company  falls  q1  infosys  end  2023  yearago  attrition  headcount

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, 5 days ago

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

Live Mint  

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

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

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

Live Mint  

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

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

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

India Today  

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

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

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

Live Mint  

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

Infobean Technologies Q3 Results 2025 on 29 Jan, 2025: profit rise by 26.98% YOY, profit at ₹7.06 crore and revenue at ₹96.33 crore
2 months ago

Infobean Technologies Q3 Results 2025 on 29 Jan, 2025: profit rise by 26.98% YOY, profit at ₹7.06 crore and revenue at ₹96.33 crore

Live Mint  

Infobean Technologies Q3 Results 2025:Infobean Technologies declared their Q3 results on 28 Jan, 2025. Infobean Technologies Q3 Results The operating income was down by 37.74% q-o-q but showed a significant increase of 136.81% Y-o-Y. Infobean Technologies has delivered -23.22% return in the last 1 week, -28.45% return in the last 6 months, and -23.39% YTD return. Infobean Technologies Financials Period …

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?
2 months, 1 week ago

TCS, Infosys, HCL Tech, Wipro: What Q3 headcount of BIG 4 Indian IT giants indicate?

Live Mint  

The big boys of the Indian IT sector plan to ramp up hiring in the next financial year, driven by green shoots in demand and signs of healthy economic growth in key Western markets. In the recently concluded December quarter, the big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced their plans to add more employees in the ongoing quarter …

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, 1 week 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 …

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

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

Hindustan Times  

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

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

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

India Today  

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

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

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

India Today  

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

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

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

Live Mint  

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

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

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

Live Mint  

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

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

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

India Today  

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

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

Infosys Q3 results tomorrow: 5 things to watch out for

Live Mint  

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

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

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

Live Mint  

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

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

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

India Today  

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

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

Infosys defers annual salary hikes to fourth quarter: Report

Hindustan Times  

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

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

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

Live Mint  

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

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

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

India Today  

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

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

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

Live Mint  

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

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

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

ABP News  

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

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
8 months, 2 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
8 months, 2 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%
8 months, 2 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 …

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report
9 months, 2 weeks ago

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report

Live Mint  

India's major IT sector is causing major onboarding delay issues for freshers. The IT employee union Nascent Information Technology Employees Senate data revealed that at least 10,000 freshers who were offered jobs in the past two years have not yet been onboarded by IT companies, Times of India reported. As per the report, Harpreet Singh Saluja, the President of the …

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759
11 months, 1 week 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
11 months, 2 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 …

Q4 results today: Infosys, Bajaj Auto, HDFC Life, ICICI Securities among companies to post earnings
11 months, 2 weeks 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
11 months, 2 weeks 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, 2 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 …

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

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

Business Standard  

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

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 …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year, 3 months ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

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

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

News 18  

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

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

Infosys shares fall, raising demand worries for Indian IT sector

The Hindu  

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

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

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

Live Mint  

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

Infosys Q2 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 …

Info Edge Q1 net profit rises 35% to ₹200 crore; revenue up 15% YoY
1 year, 7 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 …

Tech Mahindra Q1 Results: Headcount plunges 9% by 4,103 in June quarter
1 year, 8 months ago

Tech Mahindra Q1 Results: Headcount plunges 9% by 4,103 in June quarter

Live Mint  

Tech Mahindra announced the June quarter results on Wednesday and reported a 13 percent IT attrition rate for Q1FY24, a 9 percent increase from 22 percent in the corresponding quarter of last year. On a QoQ basis, the attrition rate dropped to 13 percent from 15 percent and since the first quarter of fiscal year 2023, the IT major has …

CMS Info Systems Q1 Results: Net profit grows by 22% to ₹87 crore
1 year, 8 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, 8 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 …

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