Today’s rally was driven by robust support from both the banking and IT sectors. The surge in tech stocks was fueled by their healthy performance in the December quarter, while banking stocks witnessed a jump in anticipation of positive numbers for the Q3 period. Against this backdrop, the Nifty 50Read More →
Revenue Growth: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY. On the other hand, TCS reported consolidated revenue of ₹60,583 croreRead More →
Infosys share price impact: Infosys shares are anticipated to experience substantial volatility in Tuesday’s trading session following the company’s loss of a multi-year contract valued at USD 1.5 billion. Analysts expect shares of Infosys to open in the red in tomorrow’s session. In an exchange filing on December 23 (Saturday),Read More →
Shares of tech major Infosys, listed on the US stock market, declined more than 3% during the opening trade on Monday, December 11, followed by the announcement of Nilanjan Roy’s resignation from the position of Chief Financial Officer (CFO) at Infosys, with his last day in office set for MarchRead More →
Q1 results today: After three Indian IT major — Tata Consultancy Services (TCS0, HCL Technologies and Wipro, fourth IT giant Infosys is going to declares its Q1 results 2023 on Thursday. As per the company release, Infosys results for Q1FY24 may get announced by 3:45 PM followed by press conferenceRead More →
Apart from the numbers, investors will focus on management commentary on FY24 guidance along with an outlook on discretionary spends, deals, margins and attrition. Because of project cancellations, brokerage firm Motilal Oswal Financial Services expects Infosys to report muted revenue growth. The brokerage firm also sees the risk of guidanceRead More →
Nifty IT shed 1,334.60 points or 4.71% to end at 27,008.20. However, the index has dropped by at least 7.6% during the day. It touched a new 52-week low of 26,184.45. After nosediving by nearly 15% in the day, Infosys stock ended at ₹1,259 apiece down by 9.37%. The secondRead More →
Infosys reported a weak quarter for the period ending March 31, 2023 (Q4FY23). The Q4 numbers were majorly lower-than-estimated, however, a sharp decline in attrition rate and strong deals intake came as a positive factor. Also, the IT giant has declared a final dividend of ₹17.50 per share for FY23.Read More →
The company announced its Q4 results after market hours on Thursday. Before the Q4 earnings report, Infosys stock dipped by 2.8% to end at ₹1,388.60 apiece on BSE. The stock dropped by over 3% on NSE. Infosys emerged as the top bear on both exchanges. Now that Infosys has missedRead More →
