Infosys registered a 2.3% increase in revenue in its BFSI unit in constant currency terms in the second quarter, its best growth in the segment in seven quarters.
The Bengaluru-based company earlier today reported a net profit of Rs 7,969 crore for the fiscal fourth quarter, beating Street estimates
Consolidated revenue for the quarter came in at Rs 38,821 crore, up 1.3 percent YoY. Revenues for the quarter were marginally above analyst estimates of Rs 38,630 crore
Infosys is well-positioned for robust EBIT growth in FY25 with enhanced revenue growth and margin improvement.
On the New York Stock Exchange in the overnight US trading, the American Depository Receipts (ADRs) of technology giants Infosys and Wipro slumped up to 3 percent on September 28
The ADR opened at $16 on July 20 after closing the previous session at $17.71. Salil Parekh, CEO and MD of Infosys, said the company is seeing clients either stopping or slowing down transformation programs and discretionary programs, particular in financial services, mortgages, hi-tech, telecom, and retail
India's second largest software services exporter Infosys ' net profit rose by 3.5 percent quarter-on-quarter to Rs 2,369 crore - largely in-line with expectations - in the second quarter of FY13. CFO V Balakrishnan will give up its position with effect from October 31, but he will continue to be a board member.