Takeaways: Infosys shrugs off market concerns with strong sales guidance

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MUMBAI: Tata Consultancy Services’ underwhelming earnings on Friday had shook the faith of several investors in the IT growth story, however, ’ numbers today should assuage those concerns going ahead. The Bengaluru-based company reported better-than-expected revenues and net profit for the quarter ended September as its juggernaut rolls on. The company’s consolidated net profit rose … Read more

Revenue and margin revision by Infosys signal better growth than peers

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ET Intelligence Group: Infosys was the third IT exporter to demonstrate a solid demand recovery in the second quarter similar to its peers Tata Consultancy Services (TCS) and Wipro. However, unlike them, it was able to report 3.2% year-on-year growth in revenue at $ 3,312 million reflecting a stronger momentum. The other two recorded a … Read more