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Infosys is set to announce its Q4 and full-year FY25 results — but can it reverse the downward spiral? The IT giant's stock has fallen over 25% this year, and ahead of the earnings call, shares are already down 2%, trading at ₹1,391.
Watch Nandita Khemka in conversation with Mayuresh Joshi, Head of Equity Research, William O’Neil India and Ashutosh Sharma, Head of Forrester Research India
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Infosys CFO Jayesh Sanghrajka added that the company is on track to reach its FY25 target of hiring around 15,000 freshers.
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The Bengaluru-based company earlier today reported a net profit of Rs 7,969 crore for the fiscal fourth quarter, beating Street estimates
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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
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The roles of Ravi Kumar S, who exited the company in October last year, were primarily split between Sathish HC and Dinesh Rao
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Infosys also saw a one-time impact on revenue, according to the company's leadership.
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The company had set a target of hiring 50,000 freshers at the beginning of FY23, and has not revised the same.
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Last quarter, Infosys had net employee addition of 21,171 employees
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In his role as President, Ravi Kumar S led the Infosys Global Services Organization across all industry segments.
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Infosys’ attrition has elevated for a few quarters — 25.5 percent in Q3FY21, 20.1 percent in Q2FY22, and 13.9 percent in Q1FY22.
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Infosys currently employs 3,14,015 people and close to 95 percent of them are working from home.
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The software major reported third-quarter earnings that came ahead of consensus estimates.
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The financial results will be presented to the Board of Directors on July 14, 2021, for their approval, it added.
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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.
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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.
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Betting on a bearish move, Sudarshan Sukhani of s2analytics.com tells traders to look for shorting candidates if the Nifty breaches 5,270 today.
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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
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There was a lot happening in terms of newsflow, but the attention was solely focused on the tech sector today.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
