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IT index up 4.2% in a week as large caps join the rally A significant trend in the market is the strength in IT index which is up 4.2 per cent in a week, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Mid-cap IT has been doing well and now large-caps like HCL Tech, Infosys and Wipro have joined the rally. The order pipeline of IT companies is expected to improve on the back of the expected soft landing of the US economy, he said. Metal stocks also are firming up on expectations of rebound in China following ...
IT index up 4.2% in a week as large caps join the rally
IT index up 4.2% in a week as large caps join the rally
Source: IANS
5/09/2023 11:35:51 AM
Infosys jumps on completing acquisition of Danske Bank`s IT centre in India Infosys is currently trading at Rs. 1460.00, up by 16.95 points or 1.17% from its previous closing of Rs. 1443.05 on the BSE. The scrip opened at Rs. 1443.00 and has touched a high and low of Rs. 1461.00 and Rs. 1435.35 respectively. So far 194843 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1215.45 on 25-Apr-2023. Last one week high and low of the scrip stood a...
Infosys jumps on completing acquisition of Danske Bank`s IT centre in India
Infosys jumps on completing acquisition of Danske Bank`s IT centre in India
Source: Accord Fintech
4/09/2023 4:43:23 PM
India changing into mega economy due to digital public Infrastructure: Nandan Nilekani  Infosys Chairman Nandan Nilekani on Sunday said that digital public Infrastructure like UPI is transforming several informal economies into one mega economy. He made the remarks at the B20 summit here, while noting that India turning into one mega economy is going to be the trend for the next 20 years. "Whenever you use a digital platform, it creates data. India has invented a unique idea of how individuals and companies can use their own data footprint to monetise it. This d...
India changing into mega economy due to digital public Infrastructure: Nandan Nilekani
India changing into mega economy due to digital public Infrastructure: Nandan Nilekani
Source: IANS
28/08/2023 9:34:04 AM
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage Goldman Sachs sees revenue growth for India's IT sector companies picking up, driven by pent-up demand for IT services and the impact of adopting generative artificial intelligence (AI) tech. The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector's upside, even though near-term revenue is likely to remain "muted". "Indian IT services companies have doubled their market share in the last 10 years,&q...
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Source: Reuters
23/08/2023 12:30:21 PM
Infosys inks 5-year, 1.5bn euros deal with Liberty Global Software major Infosys Ltd on Tuesday said it has entered a five-year contract worth about 1.5 billion euros with the UK-based Liberty Global plc.  In a regulatory filing, Infosys said the contract has an option to extend to eight years and when extended the total order value will be 2.3 billion euros.  The collaboration allows Liberty Global to realise run-rate savings in excess of 100 million euros per annum, inclusive of other savings and technology investments, Infosys sai...
Infosys inks 5-year, 1.5bn euros deal with Liberty Global
Infosys inks 5-year, 1.5bn euros deal with Liberty Global
Source: IANS
16/08/2023 9:15:51 AM
India`s Infosys, Liberty Global sign $1.64 billion deal to scale digital platforms  India's Infosys and Liberty Global have signed an initial five-year agreement worth 1.5 billion euros ($1.64 billion) to evolve and scale the communications firm's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday.
India`s Infosys, Liberty Global sign $1.64 billion deal to scale digital platforms
India`s Infosys, Liberty Global sign $1.64 billion deal to scale digital platforms
Source: Reuters
15/08/2023 12:59:19 PM
Buy Infosys Ltd For Target Rs.1,738 - Religare Broking Ltd Revenue growth in-line: Infosys results for Q1FY24 came in-line with rupee revenue at Rs 37,933cr which is a growth of 1.3% QoQ and 10% YoY while dollar revenue stood at USD 4,617, up by 1.4% QoQ and 3.9% YoY while growth in constant currency was at 1% QoQ and 4.2% YoY. Challenging environment and delay in spending by clients as well as signing the deals impacted growth. Amongst geographies, North America and Europe contributing ~87-88% of revenue saw a growth of just 1% & 0.6% QoQ while ...
Buy Infosys Ltd For Target Rs.1,738 - Religare Broking Ltd
Buy Infosys Ltd For Target Rs.1,738 - Religare Broking Ltd
Source: Religare Broking Ltd
1/08/2023 12:09:47 PM
Buy Infosys Ltd For Target Rs.1,742 - Yes Securities Ltd Result Synopsis Infosys (INFO) reported broadly inline performance for the quarter. Both, the sequential revenue growth and EBIT margin were inline with expectation. It reported increase in revenue by 1% QoQ in cc terms. Revenue grew by 1.4% QoQ in USD terms (up 1.4% QoQ in INR terms). EBIT margin declined by 24 bps QoQ to 20.8% on higher SG&A cost in the quarter. There was some moderation in employee attrition as LTM attrition was down 360 bps QoQ to 17.3%. Large deal wins were strong...
Buy Infosys Ltd For Target Rs.1,742 - Yes Securities Ltd
Buy Infosys Ltd For Target Rs.1,742 - Yes Securities Ltd
Source: Yes Securities Ltd
24/07/2023 12:59:32 PM
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL IT heavyweights led by Infosys, HUL and Reliance Industries dragged the Sensex down to a sharp fall of more than 1,000 points on Friday. Infosys is down more than 8 per cent, HUL is down 3.8 per and Reliance is down more than 3 per cent. IT majors, HCL Tech is down 4 per cent while Wipro is down more than 3 per cent. Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices. HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securiti...
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL
Sensex sheds 1000 points dragged down by Infosys, HUL, RIL
Source: IANS
21/07/2023 3:29:08 PM
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices as the BSE Sensex extended its fall on Friday to 800 points. HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securities said in a report. HUL is down 3 per cent in trade on Friday. Domestic volume growth, at 3 per cent, was below our estimate. We note volume growth was impacted as trade reduced stock levels (1-3 days) in lieu of price cuts. In home care, fabric wash grew in doubl...
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points
Weak Q1 results by Infosys, HUL drag down Sensex by 800 points
Source: IANS
21/07/2023 11:21:35 AM
Infosys reports Q1 year on year revenue growth of 4.2%  IT major Infosys delivered $4,617 million in Q1 revenues with year on year growth of 4.2 per cent and sequential growth of 1.0 per cent in constant currency. Large deal TCV for the quarter was at $2.3 billion, with net new of 56.1 per cent. Operating margin for the quarter was stable at 20.8 per cent. ROE improved 180 bps to 32.8 per cent. Attrition declined further to 17.3 per cent. FY24 revenue guidance revised to 1.0 per cent-3.5 per cent and operating margin guidance retained at ...
Infosys reports Q1 year on year revenue growth of 4.2%
Infosys reports Q1 year on year revenue growth of 4.2%
Source: IANS
20/07/2023 8:03:35 PM
India's Infosys shares slide after cutting full-year growth outlook Shares of Infosys, India's second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit. The company cut its revenue guidance to 1%-3.5% on a constant currency basis from the previous 4%-7%. Shares of the company dropped most since April 17, leading losses in the benchmark Nifty 50 index. Infosys Chief Executive Salil Parekh attributed the guidance cut to delays in...
India's Infosys shares slide after cutting full-year growth outlook
India's Infosys shares slide after cutting full-year growth outlook
Source: Reuters
20/07/2023 7:15:34 PM
Infosys inches up on transforming Bendigo and Adelaide Bank`s customer and employee experience Infosys is currently trading at Rs. 1436.85, up by 14.10 points or 0.99% from its previous closing of Rs. 1422.75 on the BSE. The scrip opened at Rs. 1433.90 and has touched a high and low of Rs. 1457.90 and Rs. 1429.35 respectively. So far 89012 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1215.45 on 25-Apr-2023. Last one week high and low of the scrip stood at...
Infosys inches up on transforming Bendigo and Adelaide Bank`s customer and employee experience
Infosys inches up on transforming Bendigo and Adelaide Bank`s customer and employee experience
Source: Accord Fintech
18/07/2023 10:15:31 AM
India`s Infosys signs five-year AI deal with $2bln target spend India's second-largest software services exporter Infosys said on Tuesday it has signed a deal with an existing client to provide Artificial Intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion. AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing. The company did not disclose the client's name. As Microsoft-backed Ope...
India`s Infosys signs five-year AI deal with $2bln target spend
India`s Infosys signs five-year AI deal with $2bln target spend
Source: Reuters
18/07/2023 9:16:11 AM
Firm trade continues over Dalal Street Firm trade continued over the Dalal Street in early afternoon deals, with both Sensex and Nifty holding gains of over 0.30% each, aided by positive firm cues from other Asian markets along with heavy buying at IT, TECK and Realty counters. Sentiments remained positive, as India’s inflation based on wholesale price index (WPI) deflated for the third straight month in June, on the back of fall in prices of mineral oils, non-food Articles, crude petroleum & natural gas and electricity....
Firm trade continues over Dalal Street
Firm trade continues over Dalal Street
Source: Accord Fintech
14/07/2023 2:19:51 PM
Bank stocks selloff drags down Nifty from all-time high The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities. Vikram Kasat, head advisory, Prabhudas Lilladher, said Nifty Index made a higher high in Thursday’s session, whereas the BankNifty Index is still significantly below the previous high, leading to inter-market divergence in the short term. PSU banks s...
Bank stocks selloff drags down Nifty from all-time high
Bank stocks selloff drags down Nifty from all-time high
Source: IANS
13/07/2023 3:25:50 PM
Narayana Murthy shares lessons on building a startup, facing uncertainty Startups should have only one, not more than one boss, said Narayana Murthy, founder of tech major Infosys on Saturday, sharing lessons on how to build a startup.  "Every startup company must have only one leader. There cannot be two or three leaders. Just one leader," said Murthy in a candid conversation with his son, Rohan Murthy, Founder of Soroco at Moneycontrol Startup Conclave 2023. "Once the managerial phase comes in, you invite managers to create systems and ...
Narayana Murthy shares lessons on building a startup, facing uncertainty
Narayana Murthy shares lessons on building a startup, facing uncertainty
Source: IANS
8/07/2023 2:26:14 PM
Infosys gains on inking MoU with Skillsoft Infosys is currently trading at Rs. 1284.40, up by 5.45 points or 0.43% from its previous closing of Rs. 1278.95 on the BSE. The scrip opened at Rs. 1287.05 and has touched a high and low of Rs. 1289.00 and Rs. 1283.50 respectively. So far 22362 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1215.45 on 25-Apr-2023. Last one week high and low of the scrip stood at ...
Infosys gains on inking MoU with Skillsoft
Infosys gains on inking MoU with Skillsoft
Source: Accord Fintech
28/06/2023 10:14:58 AM
India's Infosys enters into strategic partnership with Danske Bank  India's second-largest IT services firm Infosys on Monday said Danske Bank selected the co as a partner to accelerate digital transformation. The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times, Infosys said in a statement.
India's Infosys enters into strategic partnership with Danske Bank
India's Infosys enters into strategic partnership with Danske Bank
Source: Reuters
26/06/2023 9:45:17 AM
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services Remain positive on long-term growth prospects; maintain BUY The recent news about the exit of two senior executives of Infosys, Mr. Narsimha Mannepalli and Mr. Vishal Salvi (both with responsibilities including delivery), may bring back investor concerns about leadership attrition increasing post the exit of copresidents, Ravi Kumar and Mohit Joshi over the last three quarters. More critically, investors need to be watchful of further exits, especially in delivery leadership (a known gap a...
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
24/06/2023 10:41:23 AM
Buy Infosys Ltd For Target Rs.1,641 - ICICI Securities Headwinds largely priced in, most attractive risk- reward in IT space   Infosys’ (INFY) Q1FY24 result is likely to be weak and that is largely known to the street. We believe INFY’s FY24 revenue guidance of 4-7% YoY CC is healthy because CQGR of 2.3-2.9% implied by mid to high end of the guidance is higher than INFY’s pre-covid CQGR of 2.2%. It is also higher than the CQGR implied by the guidance of larger peers like Accenture (ACN), Capgemini (CAP) and TCS (refer...
Buy Infosys Ltd For Target Rs.1,641 - ICICI Securities
Buy Infosys Ltd For Target Rs.1,641 - ICICI Securities
Source: ICICI Securities Ltd
20/06/2023 3:00:48 PM
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services * Analysis of the FY23 annual report of Infosys suggests that despite the adverse macros, enterprises continue to re-evaluate their cost structure and strengthen their business resilience. Additionally, they are adopting technological investments to foster agility. * Enterprises are shifting their attention toward improving the personalized experience for their customers and delivering distinct value propositions by introducing new products and services. * Key spending areas include Clo...
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services
Buy Infosys Ltd For Target Rs.1,520 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
12/06/2023 1:22:57 PM
Stock Picks : Infosys Ltd and Punjab National Bank Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @1316-1318 CMP 1323.85; Target 1335.80; Stop Loss 1308.70   Punjab National Bank Ltd Buy Punjab National Bank Ltd @50.90-51.20  CMP 51.45 ; Target 52.40; Stop Loss 50.50   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number IN...
Stock Picks : Infosys Ltd and Punjab National Bank Ltd By ICICI Direct
Stock Picks : Infosys Ltd and Punjab National Bank Ltd By ICICI Direct
Source: ICICI Direct
31/05/2023 10:56:27 AM
Stock Picks : Infosys Ltd and Tata Power Ltd By ICICI Direct Infosys Ltd Buy Titan Industries Ltd @1300-1303 CMP 1304.35; Target 1318.00; Stop Loss 1293.70   Tata Power Ltd Buy Power Finance Corporation Ltd @209.60-210.20 CMP210.80; Target 213.20; Stop Loss 208.30     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000...
Stock Picks : Infosys Ltd and Tata Power Ltd By ICICI Direct
Stock Picks : Infosys Ltd and Tata Power Ltd By ICICI Direct
Source: ICICI Direct
26/05/2023 11:02:32 AM
Infosys rises on launching AI-first set of services, solutions, platforms `Infosys Topaz` Infosys is currently trading at Rs. 1303.50, up by 3.90 points or 0.30% from its previous closing of Rs. 1299.60 on the BSE. The scrip opened at Rs. 1297.00 and has touched a high and low of Rs. 1303.75 and Rs. 1291.05 respectively. So far 63965 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1215.45 on 25-Apr-2023. Last one week high and low of the scrip stood at ...
Infosys rises on launching AI-first set of services, solutions, platforms `Infosys Topaz`
Infosys rises on launching AI-first set of services, solutions, platforms `Infosys Topaz`
Source: Accord Fintech
24/05/2023 11:30:44 AM
Infosys enters generative AI era with new offering to empower global firms  Tech major Infosys on Tuesday launched Topaz -- an AI-first set of services, solutions and platforms using generative AI technologies to empower global firms, the company announced. Topaz helps amplify the potential of humans, enterprises and communities to tap into the next generation of opportunities to create value from unprecedented innovations, connected ecosystems and pervasive efficiencies. Infosys said Topaz was developed using its own applied AI framework to develop an AI...
Infosys enters generative AI era with new offering to empower global firms
Infosys enters generative AI era with new offering to empower global firms
Source: IANS
23/05/2023 5:55:18 PM
Stock Picks : Infosys Ltd and DLF Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @1242-1246 CMP 1245.45; Target 1262.00; Stop Loss 1231.70   DLF Ltd Buy DLF Ltd @433.50-434.50 CMP 434.25; Target 439.40; Stop Loss 430.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the auth...
Stock Picks : Infosys Ltd and DLF Ltd By ICICI Direct
Stock Picks : Infosys Ltd and DLF Ltd By ICICI Direct
Source: ICICI Direct
11/05/2023 11:30:00 AM
Indian firms tread with caution but are fast catching up with ChatGPT As artificial general intelligence (AGI) continues to carry out specific tasks such as language translation and data analysis for companies, Indian enterprises and startups are also bullish on the AI technology but are weighing its pros and cons before they implement it in their products for customers. Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech and Tech Mahindra, among others, have placed a big bet on AI. While TCS is likely to have a centre of excellence around generativ...
Indian firms tread with caution but are fast catching up with ChatGPT
Indian firms tread with caution but are fast catching up with ChatGPT
Source: IANS
7/05/2023 5:23:09 PM
India`s Coforge revenue forecast outpaces larger peers, shares rise Indian IT services provider Coforge Ltd's fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge's shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the benchmark Nifty 50 index was up 0.18%. The top three Indian IT firms – Tata Consultancy Services Ltd, Infosys Ltd and HCL Tec...
India`s Coforge revenue forecast outpaces larger peers, shares rise
India`s Coforge revenue forecast outpaces larger peers, shares rise
Source: Reuters
27/04/2023 1:02:41 PM
Infosys surges on extending collaboration with Brent Council Infosys is currently trading at Rs. 1228.30, up by 3.75 points or 0.31% from its previous closing of Rs. 1224.55 on the BSE. The scrip opened at Rs. 1227.50 and has touched a high and low of Rs. 1233.00 and Rs. 1220.75 respectively. So far 99597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1215.45 on 25-Apr-2023. Last one week high and low of the scrip stood at ...
Infosys surges on extending collaboration with Brent Council
Infosys surges on extending collaboration with Brent Council
Source: Accord Fintech
26/04/2023 1:53:02 PM
Infosys rises on signing MoU with Aramco Infosys is currently trading at Rs. 1233.00, up by 6.70 points or 0.55% from its previous closing of Rs. 1226.30 on the BSE. The scrip opened at Rs. 1226.30 and has touched a high and low of Rs. 1235.00 and Rs. 1215.45 respectively. So far 184055 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1,215.45 on 25-Apr-2023. Last one week high and low of the scrip stood a...
Infosys rises on signing MoU with Aramco
Infosys rises on signing MoU with Aramco
Source: Accord Fintech
25/04/2023 11:15:56 AM
Buy Infosys Ltd For Target Rs.1670 - Motilal Oswal Financial Services Focus to shift to FY25 after near-term correction * INFO reported a weak 4QFY23 revenue of USD4.55b, down 3.2% QoQ in CC terms, significantly below our estimate of 0.6% QoQ CC growth. This was primarily due to broad-based reduction in business volumes, led by unplanned project ramp downs    and delays in new businesses during the early part of Q4. Additionally, the company saw one-off project cancellations and issues with a few clients, primarily on discretionary spending, which ...
Buy Infosys Ltd For Target Rs.1670 - Motilal Oswal Financial Services
Buy Infosys Ltd For Target Rs.1670 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
17/04/2023 11:38:05 AM
Buy Infosys Ltd For Target Rs.1,676 - Yes Securities Result Synopsis Infosys (INFO) reported weak financial performance for the quarter. Both, the sequential revenue growth and EBIT margin was below expectation. It reported decrease in revenue by 3.2% QoQ in cc terms led by unplanned project ramp downs in Retail, Hitech, BFSI and Telecom verticals. Revenue declined by 2.3% QoQ in USD terms (down 2.3% QoQ in INR terms). EBIT margin declined by 47 bps QoQ at 21.0% led by lower utilization and one-off  revenue impact in the quarter. There ...
Buy Infosys Ltd For Target Rs.1,676 - Yes Securities
Buy Infosys Ltd For Target Rs.1,676 - Yes Securities
Source: Yes Securities Ltd
17/04/2023 11:28:51 AM
India`s Infosys hits over 2-year low on downbeat revenue outlook  Infosys Ltd shares slumped as much as 10% on Monday to their lowest level in over two years after the IT services exporter forecast revenue growth this fiscal would be the slowest in six years and missed profit estimates for the fourth quarter. India's second-largest IT services firm on Thursday said it expects revenue growth of 4%-7% for the fiscal year ending March 2024, well below analysts' expectations of 10.7% growth, as clients clamped down or deferred spending due to g...
India`s Infosys hits over 2-year low on downbeat revenue outlook
India`s Infosys hits over 2-year low on downbeat revenue outlook
Source: Reuters
17/04/2023 9:49:03 AM
Infosys March 2023 Quarter Results By Emkay Global Financial Services Infosys March 2023 Quarter Results – Disappointing quarter; guides 4-7% growth in FY24 Actual vs. expectations Operating performance misses expectations Likely stock reaction Negative Key positives: LTM attrition moderated by 340bps QoQ; steady deal intake Result Summary · Infosys reported revenues of USD4.55bn, down 2.3%/+6.4% QoQ/YoY (CC -3.2%/+8.8% QoQ/YoY), below our expectations of USD4.71bn. (TCS Q4FY23 revenues was USD7.19bn, 0.6% CC QoQ). &mid...
Infosys March 2023 Quarter Results By Emkay Global Financial Services
Infosys March 2023 Quarter Results By Emkay Global Financial Services
Source: Emkay Global Financial Services
14/04/2023 12:30:20 PM
Buy Infosys Ltd For Target Rs. 1,520 - Motilal Oswal Weak Q4 performance to impact FY24 topline delivery Focus to shift to FY25 after near-term correction * INFO reported a weak 4QFY23 revenue of USD4.55b, down 3.2% QoQ in CC terms, significantly below our estimate of 0.6% QoQ CC growth. This was primarily due to broad-based reduction in business volumes, led by unplanned project ramp downs and delays in new businesses during the early part of Q4. Additionally, the company saw one-off project cancellations and issues with a few clients, p...
Buy Infosys Ltd For Target Rs. 1,520 - Motilal Oswal
Buy Infosys Ltd For Target Rs. 1,520 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/04/2023 12:17:00 PM
Infosys posts Rs 24,108 crore net, recommends dividend of Rs 17.50  Software major Infosys Ltd on Thursday said it had closed FY23 with a higher net profit of Rs 24,108 crore. The company said it had earned a revenue of Rs 146,767 crore for FY23 against Rs 121,641 crore in the previous year and a net profit of Rs 24,108 crore against Rs 22,146 crore in the previous year. The company closed the fourth quarter of FY23 with a revenue of Rs 37,441 crore (previous year Rs.32,276 crore) and a net profit of Rs 6,134 crore (Rs 5,695 crore). According t...
Infosys posts Rs 24,108 crore net, recommends dividend of Rs 17.50
Infosys posts Rs 24,108 crore net, recommends dividend of Rs 17.50
Source: IANS
14/04/2023 9:41:18 AM
India`s Infosys forecasts slower FY24 revenue growth of 4%-7% Infosys Ltd on Thursday forecast slower revenue growth for the current fiscal year compared with analysts' expectations, amid a turmoil in the U.S. banking sector that has prompted clients to tighten spending. India's second-largest IT services firm expects revenue growth of 4%-7% for the fiscal year ending March 2024. Analysts expected growth of 10.73% for the period, according to Refinitiv IBES data. The Bengaluru-based company sees FY24 operating margin in the range of 20% to...
India`s Infosys forecasts slower FY24 revenue growth of 4%-7%
India`s Infosys forecasts slower FY24 revenue growth of 4%-7%
Source: Reuters
13/04/2023 4:42:04 PM
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani The government's Open Network for Digital Commerce (ONDC) platform will democratise ecommerce for millions of small retailers in India, paving the way for the rise of more dedicated distribution and logistics companies, Infosys Chairman and Co-founder Nandan Nilekani said on Tuesday. According to him, ONDC will not be limited to a few players but everyone in India -- a person owning a small grocery store, a small electronics retailer or a restaurant owner -- bringing millions of such p...
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani
ONDC to foster hyperlocal ecommerce business model in India: Nandan Nilekani
Source: IANS
4/04/2023 4:17:35 PM
Kiran Mazumdar-Shaw retires from Infosys Board, D. Sundaram appointed Lead Independent Director Indian IT major Infosys has announced the retirement of Kiran Mazumdar-Shaw as Independent Director of the Board, effective March 22, 2023, upon completion of her tenure. The Board has appointed D. Sundaram as the Lead Independent Director of Company, effective March 23, 2023 based on the recommendation of Nomination and Remuneration Committee. Kiran Mazumdar-Shaw was appointed to the Infosys Board as an Independent Director in 2014, and as Lead Independent Director in 2018. She also se...
Kiran Mazumdar-Shaw retires from Infosys Board, D. Sundaram appointed Lead Independent Director
Kiran Mazumdar-Shaw retires from Infosys Board, D. Sundaram appointed Lead Independent Director
Source: IANS
23/03/2023 3:05:19 PM
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group compa...
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
Source: Reuters
17/03/2023 2:49:29 PM
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over Rajesh Gopinathan, chief executive officer of Tata Consultancy Services (TCS), will resign, India's largest IT services provider said on Thursday, just a year into his second five-year term at the helm of the company. The company named K Krithivasan as CEO-designate, effective March 16, and said he would take over as CEO and managing director in the next financial year, subject to shareholders' approval. He joined TCS in 1989 and has held various leadership roles in the company. ...
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over
Source: Reuters
17/03/2023 9:55:14 AM
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO Shares of Tech Mahindra Ltd surged nearly 10% on Monday after the Indian information technology services firm appointed Infosys Ltd veteran Mohit Joshi as its new managing director and chief executive officer. Joshi has been with rival Infosys for 22 years, and is currently the president at the company. He will take charge of the IT arm of Mahindra Group from Dec. 20 for five years, the company said in an exchange filing over the weekend. He will be succeeding CP Gurnani whose term is s...
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO
Source: Reuters
11/03/2023 6:35:20 PM
Infosys rises on collaborating with Microsoft to accelerate industry adoption of cloud Infosys is currently trading at Rs. 1554.00, up by 2.50 points or 0.16% from its previous closing of Rs. 1551.50 on the BSE. The scrip opened at Rs. 1555.05 and has touched a high and low of Rs. 1569.00 and Rs. 1552.20 respectively. So far 67496 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1924.00 on 17-Mar-2022 and a 52 week low of Rs. 1355.50 on 26-Sep-2022. Last one week high and low of the scrip stood at ...
Infosys rises on collaborating with Microsoft to accelerate industry adoption of cloud
Infosys rises on collaborating with Microsoft to accelerate industry adoption of cloud
Source: Accord Fintech
24/02/2023 4:17:44 PM
GSV + Emeritus India Summit: Women entrepreneurs lead conversations on gender funding gap; call for critical changes to foster women entrepreneurs Six women entrepreneurs met on the opening day of the three-day GSV -Emeritus India Summit, in Gurugram, to discuss the urgent need to close the gender gap that women in the workforce are facing. The panel was comprised of Ashley Chiampo, Chief Learning Officer, Emeritus; Smita Deorah, Co-Founder and Co-CEO, LEAD; Vani Kola, Managing Director, Kalaari Capital; Prerna Jhunjhunwala, Founder and CEO, Creative Galileo; Supriya Paul, CEO, Josh Talks, and Lisa Tenorio, SVP, Learning Design, Ha...
GSV + Emeritus India Summit: Women entrepreneurs lead conversations on gender funding gap; call for critical changes to foster women entrepreneurs
GSV + Emeritus India Summit: Women entrepreneurs lead conversations on gender funding gap; call for critical changes to foster women entrepreneurs
Source: PR Agency
21/02/2023 11:17:47 AM
Infosys gains on entering into strategic collaboration with GE Digital Infosys is currently trading at Rs. 1587.90, up by 25.55 points or 1.64% from its previous closing of Rs. 1562.35 on the BSE. The scrip opened at Rs. 1560.05 and has touched a high and low of Rs. 1590.90 and Rs. 1560.05 respectively. So far 29854 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1924.00 on 17-Mar-2022 and a 52 week low of Rs. 1355.50 on 26-Sep-2022. Last one week high and low of the scrip stood at...
Infosys gains on entering into strategic collaboration with GE Digital
Infosys gains on entering into strategic collaboration with GE Digital
Source: Accord Fintech
8/02/2023 10:46:13 AM
Sudha Murthy, S.L. Bhyrappa, S.M. Krishna among 8 Padma awardees from Karnataka  Eight eminent personalities from Karnataka have been chosen for Padma awards announced on Wednesday. The list included Sudha Murthy, the Chairperson of Infosys Foundation, popular author S.L. Bhyrappa and veteran politician S.M. Krishna. Krishna has been honoured with Padma Vibhushan for Public Affairs. He is one among the nine awardees chosen in the category. Krishna, led the Congress party to victory and completed the full term as the Chief Minister in Karnataka. He was also the...
Sudha Murthy, S.L. Bhyrappa, S.M. Krishna among 8 Padma awardees from Karnataka
Sudha Murthy, S.L. Bhyrappa, S.M. Krishna among 8 Padma awardees from Karnataka
Source: Reuters
26/01/2023 9:04:59 AM
Infosys rises on the BSE Infosys is currently trading at Rs. 1554.60, up by 6.80 points or 0.44% from its previous closing of Rs. 1547.80 on the BSE. The scrip opened at Rs. 1558.30 and has touched a high and low of Rs. 1568.80 and Rs. 1552.70 respectively. So far 626045 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1924.00 on 17-Mar-2022 and a 52 week low of Rs. 1355.50 on 26-Sep-2022. Last one week high and low of the scrip stood at...
Infosys rises on the BSE
Infosys rises on the BSE
Source: Accord Fintech
24/01/2023 3:13:46 PM