Infosys’ attrition has elevated for a few quarters — 25.5 percent in Q3FY21, 20.1 percent in Q2FY22, and 13.9 percent in Q1FY22.
Infosys currently employs 3,14,015 people and close to 95 percent of them are working from home.
The software major reported third-quarter earnings that came ahead of consensus estimates.
The financial results will be presented to the Board of Directors on July 14, 2021, for their approval, it added.
Revenue per employee is a measure of how efficiently a company is utilizing its employees. In general, relatively high revenue per employee is a positive sign.
Reskilling employees, scaling up Infosys’ core businesses and building greater localisation in the markets Infosys operates, are at the centre of the strategy laid down by Parekh.
Betting on a bearish move, Sudarshan Sukhani of s2analytics.com tells traders to look for shorting candidates if the Nifty breaches 5,270 today.
Harit Shah, senior research analyst at Nirmal Bang Institutional Equities, tells CNBC-TV18 that Rs 165-166 is a more reasonable EPS target for Infosys in FY13
There was a lot happening in terms of newsflow, but the attention was solely focused on the tech sector today.
Piyush Garg, chief investment officer at ICICI Securities joins CNBC-TV18 to opine on where our market is headed and what could move our market.
Nilesh Shah of Axis Direct is surprised with the IT giant Infosys' results that kicked off the earnings season. "In an environment like this Infosys have surprised market expectations," he said.
IT bellwether Infosys today reported a 9.72% growth in its consolidated net profit to Rs 1,906 crore for the second quarter ended September 30.
Infosys Ltd, India's No. 2 software services exporter, reported a 10.7% rise in quarterly profit, roughly in line with expectations, as a weak rupee boosted margins.
Emkay has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, Infosys September quarter net sales are expected to go up by 7.3% at Rs 8035 crore, quarter-on-quarter, (QoQ) basis.
Dolat Capital has come out with its earning estimates on IT sector for the quarter ended September 2011. According to the research firm, IT September quarter net sales are expected to go up by 6.2% at Rs 7952.8 crore, quarter-on-quarter, (QoQ) basis.
In an exclusive interview with CNBC-TV18, Gaurav Doshi of Morgan Stanley Private Wealth Management says the market used the IIP and Infosys results as a ‘reason’ to pull down, correct, and consolidate.
On the first quarter results of Infosys Technologies, the CEO of Infosys BPO, Swaminathan D, tells CNBC-TV18 that the company has grown by 16% and that eight new clients have been added.
IT bellwether Infosys declared its results for the first quarter of the financial year 2011-12. The management said, this quarter Europe, in reported currency terms, was weak or flat. “It is not surprising, given the current sentiments in Europe. But at the same time, if you look at core businesses, we see a fair degree of stability.”
In an interview with CNBC-TV18, IT bellwether’s management spoke about the quarter gone by and gave their outlook going forward. The management said the company had achieved upper end of the guidance.
Infosys reported a set of pretty unexciting numbers and has predicted that the coming quarters too will be as unexciting. Just missing expectations with a 15.4% rise in profit in the first quarter (April to June) of fiscal year 2012, Infosys reported PAT at Rs 1,720 crore and revenues at Rs 7,485 crore.
Hitesh Shah, Director of IDFC Securities spoke to CNBC-TV18 about Infosys' first quarterly earnings and whether it was inline with his expectations.
Nilesh Shah, MD & CEO, Envision Capital jons CNBC-TV18 to give his views on market performance for the day. Ahead of Infosys results, the Nifty is likely to be impacted by the slowdown in the global markets, he says.
Second largest software services exporter Infosys has reported consolidated first quarter net profit at Rs 1720 crore, which was slightly below market expectations of Rs 1736 crore.
CNBC-TV18’s managing editor Udayan Mukherjee thinks it’s a sideshow today as Infosys is an important stock with significant weightage on the index. It’s the first of the big earnings post HDFC which is coming in for IT.