According to the report, apart from sound revenue conversion, overall deal pipeline improved on aggregate basis and pricing environment for legacy services also remained stable
Infosys said it would enable remote monitoring and diagnostic capabilities including vehicle access control, system maintenance, condition sensing and location tracking
Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
Indian IT services firms such as TCS and Infosys have announced a record number of deal closures in the past couple of quarters
The stock surpassed its previous high of Rs 799 touched on July 18
Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in net profit at Rs 3,802 crore while it dropped 6.8 per cent sequentially.
This is a departure from the earlier strategy, when innovations were used to strengthen its products and platforms
The clients are positive with us and we have seen some level of stability. So, from a business perspective, we feel comfortable where we are going and first-quarter growth is testimony to that
Infosys and TCS expressed concern over their workforce and operations being affected due to climate change and the changes in the availability of natural resources like water in regions
Most analysts have raised their 12-month price target for the stock, hoping for increased payouts to shareholders
For Infosys keep a stop at 772 and go long. Add to the position between 787-780. Book profits at 782.
Post the results, most brokerages have revised their price targets for both these stocks.
Sikka quit in 2017 after almost a year of public dispute with Murthy and other promoter shareholders
Given the importance of localisation, Infosys had moved Srikantan Moorthy from India to the US last May
The momentum on the digital side gives us confidence as well, says Salil Parekh
Infosys CFO Nilanjan Roy said the firm would continue its existing buyback as planned by the board
Experts said this was perhaps the first time when the company admitted of laying off some employees
In dollar terms, revenues were at $3.13 billion, a sequential growth rate of 2.3 per cent and 10.6 per cent YoY
The company has maintained FY20 operating margin guidance range of 21 per cent - 23 per cent.
The IT services company increased the FY20 growth guidance in constant currency terms to 8.5-10 per cent from 7.5-9.5 per cent.