9.08 -0.01 (-0.11%)
After hours: 4:38PM EST
|Bid||9.08 x 27000|
|Ask||9.10 x 1000|
|Day's Range||9.05 - 9.19|
|52 Week Range||7.49 - 10.65|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||16.09|
|Forward Dividend & Yield||0.33 (3.54%)|
|1y Target Est||N/A|
Ashish Chopra of Motilal Oswal Securities discusses some of the "noteworthy points" about Infosys' performance in the recent quarter.
(Reuters) - Indian shares posted their best close in more than six weeks on Friday, powered by gains in Reliance Industries Ltd, the country's biggest company by market value. The broader NSE Nifty closed ...
(Reuters) - Indian software services exporter Infosys Ltd said on Thursday it appointed Deputy Chief Financial Officer Jayesh Sanghrajka as the interim finance head, effective from Nov. 17. Sanghrajka ...
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
Chairman Nandan Nilekani, speaking on the sidelines of Bloomberg’s New Economy Forum in Singapore, said that the turnaround is complete. In the latest quarter, Infosys booked more than $2 billion in deals and net income topped projections.
Apple (AAPL) recently landed a wide-ranging deal with British chip designer Dialog Semiconductor (DLGNF). Apple has used Dialog power chips in iPhones since it introduced the product more than a decade ago. Let’s see what the Apple-Dialog deal includes.
Verizon (VZ) is also in the process of transferring thousands of its employees to India-based outsourcing company Infosys (INFY). The transfer is part of a $700 million outsourcing deal that Verizon signed recently with the Indian company. Put together, the early retirement program and the transfer to Infosys could see Verizon cut its global workforce at the end of June 2019 by about a third, potentially opening an opportunity for the company to save millions of dollars in payroll expenses.
President Donald Trump's views on illegal immigration have been widely circulated and commented upon, and the Muslim ban led to protests. But it's his position on highly skilled foreigners working in the U.S. that has a few companies and their investors concerned. The Trump administration has been gradually updating policies to align them with the Presidential Executive Order on Buy American and Hire American. Earlier this year, the United States Citizenship and Immigration Services (USCIS), a component of the Department of Homeland Security, announced tighter restrictions for third-party consulting firms, which are some of the visa program's biggest users. "Based on the agency’s experience in administering the H-1B program, USCIS recognizes that significant employer violations—such as paying less than the required wage, benching employees (not paying workers the required wage while they wait for projects or work) and having employees perform non-specialty occupation jobs—may be more likely to occur when petitioners place employees at third-party worksites," said the memorandum.
Companies are reviewing basic security protocols following a Department of Homeland Security warning this month about active threats targeting managed service providers, which many businesses use to outsource services such as cloud functions and website management. Large firms in a range of sectors rely on managed service providers to carry out security and technology operations, generally at a lower cost than if they assigned those tasks to in-house staff. Because managed service providers may process and store their customers’ data, they’ve recently become the focus of nation-state hackers who attempt to move within these companies’ networks to gain access to their multinational clients.
(Reuters) - Indian shares ended more than one percent lower on Wednesday, dragged by financial stocks such as Indiabulls Housing Finance Ltd and Yes Bank Ltd amid liquidity concerns. The benchmark BSE ...
(Bloomberg) -- Infosys Ltd., Asia’s second-largest exporter of software services, posted a higher-than-estimated increase in net income as investments in its high-margin digital services and automation paid off. The stock climbed as much as 3.8 percent.
Moody's Investors Service says that the global IT services industry is set to grow strongly over the next 18-24 months. "However, high levels of cash outflows to shareholders are reducing the ability of Indian IT services companies to respond to business demands, including the acquisition of new technology, as well as research and development to meet fast-evolving customer needs," says Saranga Ranasinghe, a Moody's Assistant Vice President and Analyst. While Tata Consultancy Services Limited (TCS, A3 stable) and Infosys Limited (A3 stable) constitute two of the five companies, both show large cash balances of around $6.6 billion and $4.8 billion respectively, and are largely debt free.
MUMBAI/BENGALURU (Reuters) - Infosys Ltd retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm saying the demand for its services remained strong. Infosys was beginning to make progress on a three-year roadmap, Chief Executive Salil Parekh told a news conference on Tuesday, after the company posted quarterly net profit that exceeded estimates. Parekh has set out a three-year plan for Infosys - the first year in fiscal 2019 to stabilise, the second year to start to build momentum and the third year to start to accelerate.
MUMBAI/BENGALURU, Oct 16 (Reuters) - Infosys Ltd retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm saying the demand for its services remained strong. Infosys was beginning to make progress on a three-year roadmap, Chief Executive Salil Parekh told a news conference on Tuesday, after the company posted quarterly net profit that exceeded estimates. Parekh has set out a three-year plan for Infosys - the first year in fiscal 2019 to stabilise, the second year to start to build momentum and the third year to start to accelerate.
The Bangalore, India-based company said it had net income of 13 cents per share. The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was ...
(Reuters) - Indian shares rose for the third consecutive session on Tuesday on positive global cues, amid the corporate earnings season bringing some cheer. The benchmark BSE Sensex closed up 0.85 percent ...
Infosys (NYSE: INFY ) releases its next round of earnings Tuesday, Oct. 16. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report. Earnings and Revenue Analysts expect ...
Investment company Seafarer Capital Partners, LLC buys Alibaba Group Holding, sells Infosys, Bank Bradesco SA, Taiwan Semiconductor Manufacturing Co during the 3-months ended 2018-09-30, according to the ...