Improvement in operating margins and a healthy deal pipeline were other positives for Infosys in the quarter
Valuation gap between Infy and TCS is unlikely to narrow further
IT announced its earnings for the quarter ended September 30 quarter, meeting estimates on most parameters. Mukesh Ambani was for the 12 time ranked as India's richest person by Forbes magazine.
In constant currency (CC) terms, Infosys posted revenue growth of 11.4 per cent YoY while in US dollar terms, the numbers grew 9.9 per cent.
In the past three months, post June quarter (Q1FY20) results, Infosys has outperformed the market by surging 13 per cent.
Xi will be accompanied by China's Foreign Minister Wang Yi and Politburo members on his visit to India
Infosys, in its June quarter results announcement, had revised its FY20 revenue guidance to 8.5-10 per cent year-on-year (YoY) in constant currency (CC) terms
Besides global cues, market participants would also keep a close watch on rupee-dollar trend, oil prices and investment pattern by overseas investors.
Robust deal pipeline, margin gain hopes have helped it to bridge the valuation gap with TCS
As many as 17 Indian firms, including Infosys, TCS and HDFC, have been named in the list of World's Best Regarded Companies compiled by Forbes
Firm revealed this new strategy in Arizona, where the company opened its sixth tech and innovation centre
Infosys plans to continue hiring locals in the coming quarters
Arizona Technology and Innovation Centre has a special focus on autonomous technologies, Internet of Things (IoT), full-stack engineering, data science and cybersecurity, Infosys said in a statement
Ministry was considering a whitepaper that would form the basis for a wider consultation on non-personal data
For Infosys, keep a stop at 828 and go long. Add to the position between 842-845. Book profits at 846.
The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish
Shares of Infosys closed the session down 2.23 per cent at Rs 785 on Tuesday
In January, Infosys had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore (maximum buyback size) at a price not exceeding Rs 800 per equity share
The company in January had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore (maximum buyback size) at a price not exceeding Rs 800 per equity share
Murthy said patriotism implies working for the country, putting its interests ahead of one's personal interests