Fri, Oct 18, 2024
Infosys shares in Friday's trade will gain traction after the company posted largely mixed results with steady margins.
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Thu, Apr 18, 2024
Though Infosys reported a rise in PAT, its consolidated revenue from operations slipped by 2.34 per cent to Rs 37,923 crore in the quarter under review from Rs 38,831 crore in the previous quarter. The research team had estimated the revenue to be Rs 38,550 crore.
Tue, Apr 09, 2024
Also, transformational IT spends could see an uptick post US elections Upcoming earnings to provide last cut/floor to CY24E, the brokerage said. Also, it stated that valuation affords the case for our upgrade.
Sat, Aug 19, 2017
After Vishal Sikka, Managing Director and Chief Executive Officer, Infosys resigned from the post, the company on Saturday approved Rs 13,000 crore share buyback proposal.
Fri, Aug 18, 2017
Friday turned out be a dramatic day for Infosys Vishal Sikka resigned from his post of MD and CEO with immediate effect. This was not taken well by investors. Share price of Infosys touched a four-year low of Rs 884.40 per piece – a level which was last seen on August 21, 2014.
On August 17, Infosys share rose to as much as 5% after the company stated it will consider the share buyback proposal in its meeting to be held on August 19, 2017.
Infosys said that Murthy's continuous assault, including this latest letter, is the primary reason that the CEO, Vishal Sikka, has resigned despite strong Board support.
Attacking Murthy, Infosys said that Murthy has demanded that the Board adopt certain changes in policy, else he will attack board members in the public, which threat was carried out when the Board did not acquiesce.
Infosys has accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer with immediate effect.
At 0921 hours, Sensex was trading at 31,564.52 down 230.94 points or 0.73%, while Nifty 50 was trading at 9,841.55 below 63 points or 0.63%.
Vishal Sikka, MD and CEO, Infosys has resigned from his position in the company.
Thu, Aug 17, 2017
The 31-scrip index was trading at 31,837.21 up 67 points or 0.21%, while the 51-scrip index surged by nearly 28 points or 0.28% trading at 9,924.80.
Thu, Jul 13, 2017
In the last quarter, or Q4FY17, Infosys' consolidated net profit grew by 0.2% to Rs 3,603 crore as compared to Rs 3,597 crore in Q4FY16.
Thu, Apr 13, 2017
Infosys attrition rate increased year-on-year (YoY) as a total of 37,915 people left the company in FY17 as compared to the year before. Consolidated attrition rate from the company was at 19.2% for the year ended March 2017 as against 18.7% for the year ended March 2016.
Mon, Apr 03, 2017
Infosys, in a statement issued today, said it views Murthy's statement as "important feedback" and will continue to work with all stakeholders to ensure long-term interest of the company.
Infosys co-founder and now retired NR Narayana Murthy has once again voiced his displeasured over salaries being paid to top management of the IT major.
Fri, Feb 10, 2017
India's information technology giant Infosys Ltd has denied any lapses in corporate governance. Although the company accepted that there are difference between the board and its founders.
Fri, Jan 13, 2017
The total income rises 8.3% to Rs 18,093 crore
Mon, Jan 02, 2017
The company made the announcement on Sunday.
Fri, Oct 14, 2016
Infosys shares slumped 2.57 percent on the Bombay Stock Exchange in morning trade as a sluggish global economy hits India`s outsourcing industry hard with companies inclined to think twice before rushing to sign contracts.
Expects FY17 revenue to rise 8%-9% in constant currency terms versus 10.5%-12% earlier outlook
Tue, Aug 30, 2016
After reporting disappointing result, the company had reduced its currency guidance for the current fiscal.
Wed, Jul 20, 2016
After Infosys, Wipro on Tuesday registered disappointing result for the quarter ended on June 30.
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