Mon, Jan 14, 2019
In its December 2018 (Q3FY19) quarter, Infosys posted a disappointing result with consolidated net profit declining by a massive 29.61% to Rs 3,610 crore compared to Rs 5,129 crore witnessed a year ago in the same period.
More >
Fri, Jan 11, 2019
Infosys will buy back its own fully paid-up equity shares of 103,250,000 unit aggregating up to Rs 8,260 crore comprising approximately 2.36% of the paid-up capital of the Company as of December 31, 2018 (on a standalone basis).
In its financial audit report, Infosys revealed that their employees base stood at 2,25,501 people as of December 2018. This was higher compared to 2,17,739 employees in September 2018 quarter.
Infosys had earlier classified its subsidiaries Kallidus & Skava (together referred to as "Skava”) and Panaya as “Held for Sale”.
Going forward, FY19 revenue guidance in constant currency revised upward to 8.5%-9.0%; Operating margin guidance retained at 22%-24%.
The period of depreciating Indian rupee played a major role for Infosys, as IT sectors are seen the biggest beneficiary when the currency weakens. Hence, some good impact of weak rupee will be witnessed in Infosys.
Mon, Jan 07, 2019
Interestingly, there is lot of action awaiting during this week’s trading, which will decide the course of Sensex and Nifty.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
