Infosys delivered better than expected revenue and net profit growth for the December 2024 quarter while meeting the margin expansion anticipated by analysts on average. The company’s upward revision in the FY25 revenue guidance was also higher than expected owing to a faster recovery in discretionary spends across banking, financial services and insurance (BFSI), and … Read more
Recession fears have driven analysts to their most bearish on Indian information-technology sector bellwether Infosys Ltd. since uncertainties surrounding Brexit rocked the more than $200 billion sector six years ago. Around one-in-five analysts covering the company rate it a sell, the highest proportion since September 2017, data compiled by Bloomberg show. The stock is down … Read more
Infosys shares on Monday hit a 52-week low of Rs 1,185.30 on the NSE as the shares of India’s second-largest IT company tanked 15% on below par Q4 earnings. The Bengaluru-based company missed Street estimates and reported an 8% year-on-year (YoY) growth in its net profit at Rs 6,128 crore, while revenue from operations jumped … Read more