-
The company as also its stock are poised to benefit from any recovery in technology demand
-
Infosys revised its revenue growth guidance to 14-16 percent from 13-15 percent for FY23.
-
The comments come in the wake of the scrutiny at Infosys following yet another whistleblower allegation on the veracity of the accounts, and chairman Nandan Nilekani's assertions that even god cannot change the accounts at Infy.
-
Infosys, India's second largest IT services firm, said 5G technology will enable enterprises – IT and other business departments – to usher in a new era of innovation, create new experiences and improve operational efficiency in organisations.
-
Murthy said the best incentive a company can provide these youngsters was to promise them of using their projects to solve problems afflicting the society or a nation, which Infosys did in future by creating a repository of experiential knowledge acquired by way of InStep.
-
Infosys may have lost its mojo as the IT bellwether in past few years but it still remains the darling stock for option traders ahead of its quarterly earnings
-
The volatility in Infosys stock options hit a five-year high on Thursday as bulls and bears were anticipating big moves in the stock on either way. CNBC-TV18‘s Anuj Singhal reported that implied volatility in the Infosys stock options had jumped to 90 percent compared to the historical volatility of 66 percent.
-
BSE Sensex opened flat tracking weak Asian shares. Infosys surged seven percent in the opening bell after Narayana Murthy announced his return to Infosys as Executive Chairman along with his son Rohan Murthy on Saturday.
-
NR Narayana Murthy has returned to Bangalore-based Infosys , the software services exporter, he had founded, at a time the company is going through challenging times and failing to keep pace with its rivals like Tata Consultancy Services , HCL Technologies , Accenture and Cognizant Technologies.
-
The re-shuffle also marks the entry of the next generation of Infosys founder with Murthy's son, Rohan, joining the over USD 7 billion firm as his father's executive assistant.
-
Infosys Limited announced today that the Company's Board has appointed Mr. N R Narayana Murthy into the Board and executive leadership of the Company. In a meeting held earlier today, the Board approved appointing Mr. N R Narayana Murthy as Executive Chairman of the Board and Additional Director with effect from June 1, 2013.
-
Brokerage house Motilal Oswal has retained its ‘buy‘ rating on Infosys with a price target of Rs 2700.
-
Infosys' fourth quarter net profit was little ahead of expectations, helped by higher other income and lower tax expenses. However, its revenue was lower than analysts' forecast and what was more shocking was its guidance for FY14, which was much lower than what the industry body NASSCOM has forecast.
-
Infosys' fourth quarter net profit rose slightly higher-than-expected 3 percent year-on-year (1 percent quarter-on-quarter) to Rs 2,394 crore, helped by higher other income and lower income tax expenses.
-
Infosys will kickstart the earnings season with its fourth quarter results on Friday. The India's second largest software services provider cheered the street in Oct-Dec after several dismal quarters.
-
Infosys has had a series of disappointments over the last few quarters. So the double good news -- better-than-expected third quarter results and FY13 guidance raised (analysts were expecting a cut) -- sent investors rushing to buy the stock.
-
Software services exporter Infosys reported second quarter results, largely-in-line with street expectations, but disappointed the street with a deeper cut in earnings per share guidance.
-
Infosys has had a string of misses last few quarters and again disappointed on Friday with Q2 results barely in-line with street expectations and a deeper cut in full year EPS guidance. But even as the street was crunching the numbers, it sprang a surprise by announcing that V Balakrishnan, its CFO, would be giving up his post from Oct 31.
-
Sanjeev Prasad, executive director and co-head of Kotak Institutional Equities says he is a little bit negatively surprised by Infosys' numbers. "The margins have actually declined compared to the previous quarter by a fairly significant number," he adds.
-
Indian shares opened marginally lower on Friday following disappointing outlook for FY13 by the country's second largest software services exporter Infosys.
-
Anil Manghnani, Modern Shares & Stock Brokers says over the last six-eight quarters, the market has moved beyond Infosys.
-
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.
-
Infosys, India's leading software services exporter, just about met street expectations with its second quarter results, but hugely disappointed the street with a deeper cut in earnings per share guidance for the full year, sending its shares down over 7% in morning trade.
-
Indian equity benchmarks gained one percent on Thursday ahead of Infosys earnings & industrial output data tomorrow, and on hopes of more reforms following clearance to direct transfer of urea subsidy.
-
"From bad to worse" is how Kotak Instutional Equities summed up the disappointing results announcement of Infosys.
