The declining value of the rupee against the US dollar presents a mixed impact on various industries. As a result, the recent depreciation of the INR against the USD should offer these companies a competitive advantage and potentially higher margins, since a large share of their contracts are fulfilled through offshoring, explained Rakesh Vyas, Co-Chief Investment Officer and Portfolio Manager,Quest …
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 …
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 …
