Infosys Ltd (INFY)

Infosys Acquires in-tech, Allots Equity Shares to Employees - 03 May, 2024

Infosys announces acquisition of in-tech, a German automotive-focused engineering R&D services provider for $480 million. The company also allotted over 6.57 lakh equity shares to eligible employees as part of its stock incentive plans.

Infosys Reports Strong Q4 Results and Recognition in Forrester Report - 02 May, 2024

Infosys reports improved utilisation levels and robust deal pipeline in Q4. Positioned as a leader in the Forrester Wave report for Application Modernization and Migration Services, Q1 2024. Income tax department reduces tax liability by Rs 1,258 crore.

IT Companies Report Net Headcount Decline in FY24 - 30 Apr, 2024

TCS, Infosys, and Wipro reported a net headcount decline in FY24 due to adverse discretionary spending environment caused by high-interest rates and cautious client consumer sentiment. Both HCLTech and Infosys are guiding for low single-digit growth in FY25.

Infosys Expects Similar Trends in FY25, More Off-Campus Hiring - 29 Apr, 2024

Infosys expects FY25 trends to remain similar to FY24, with weak discretionary spending and digital transformation projects. The company plans to do more than half of its hiring off-campus, depending on the demand environment.

Infosys Headcount Drops; Religare Picks Stock for May Series - 27 Apr, 2024

Infosys' headcount dropped by almost 26k employees in FY24, while no exact fresher hiring targets were shared for FY25. Despite this, Religare Broking picked Infosys as one of the top stocks for the May series.

Infosys Reports Strong Q4 Results Amid Subdued Growth Projections - 25 Apr, 2024

Infosys reported a 30% YoY increase in net profit at Rs 7,969 crore in Q4 FY24. However, the Indian IT services sector is projected to see modest revenue increases of 5-7% in FY25 due to ongoing global economic challenges. This follows a decade of 12% CAGR growth. Crisil Ratings estimates are higher than Infosys' revenue guidance of 1-3%. The operating margins are expected to remain stable at 22-23%, according to the report.

Infosys Posts Q4FY24 Results, Faces Penalty for Tax Credit - 24 Apr, 2024

Infosys posted Q4FY24 results with revenue growth and high attrition rate, but lower margins due to operating costs. The company also faced a penalty of Rs. 1.46 lakh for availing ineligible input tax credit. Additionally, Infosys has asked its employees to work from the office for at least 11 days per month.

Infosys Faces Penalty for Ineligible Tax Credit, Announces Dividend Increase - 23 Apr, 2024

Infosys faces a penalty from the Odisha GST authority for availing ineligible input tax credit, while announcing an increase in its upcoming dividend payment. The company's Q4FY24 results fell short of revenue expectations but exceeded profit forecasts due to substantial other income. Founder NR Narayana Murthy discusses entrepreneurship as a state of mind. Infosys also sees gains in the Sensex basket.

Infosys Reports Mixed Results for Q4FY24 - 22 Apr, 2024

Infosys reported mixed results for Q4FY24, with strong YoY growth in net profit but falling short of revenue expectations due to weak discretionary spending. The company also announced significant workforce reductions along with lower revenue growth expectations for FY25.

Infosys Reports Q4 Results Amidst Workforce Reductions and Reduced Revenue Guidance - 20 Apr, 2024

Infosys reports Q4 FY24 results with a decline in revenue but an increase in profits. The company also sees a significant reduction in its workforce while analysts reduce their target prices due to the company's lowered revenue guidance for FY25. However, the company declares dividends amidst a bleak outlook for the IT industry.

Infosys Misses Revenue Estimates, Lowers Guidance - 19 Apr, 2024

Infosys shares decline as the company misses revenue estimates, lowers guidance, and reports a disappointing Q4 operating performance. The acquisition of in-tech for 450 million euros is expected to expand its footprint in Europe. Global brokerages have trimmed share price targets. Retains BUY rating with TP at Rs1,750.

Infosys Reports Strong Q4 Results, Acquires in-tech - 18 Apr, 2024

Infosys reports strong Q4 results with a 30.04% YoY rise in net profit and acquires in-tech, a German engineering R&D services provider. However, Infosys' FY25 revenue guidance of 1-3% falls short of analyst estimates, causing its ADR shares to drop 6.78%. The company also faces a $38 million loss due to a cybersecurity breach and experiences its first-ever decline in headcount since at least 2001.

Infosys Collaborates with Proximus, Set to Announce Q4 Results - 17 Apr, 2024

Infosys partners with Proximus for digital transformation, while Q4 results are expected to show a slight revenue growth but decline in EBIT margins.

Infosys Completes Transformation Program, Q4 Earnings Expected to Show Subdued Growth - 16 Apr, 2024

Infosys completed a successful transformation program for Team Global Express and won an award. However, Q4 earnings are expected to show subdued growth due to weak discretionary spending in the US and seasonal impact on revenue.

Infosys to Announce Quarterly Earnings Report and Final Dividend Recommendation - 15 Apr, 2024

Infosys is set to announce its quarterly earnings report on April 18, along with the final dividend recommendation for the financial year ending March 31, 2023. HDFC Securities analyst Apurva Prasad rates Infosys as 'add', while the company faced turbulence during Vishal Sikka's tenure as CEO.

Infosys Ltd Fundamentals Look Decent Despite Sliding Stock - 13 Apr, 2024

Despite a sliding stock, Infosys Ltd's fundamentals look decent with an ROE of 31%, expected future ROE of 32%, and a three-year median payout ratio of 58%. The company is predicted to pay out approximately 63% of its profits over the next three years.

Infosys Collaborates with Intel for AI Solutions; Receives Positive Rating from BofA Securities - 12 Apr, 2024

Infosys collaborates with Intel to offer advanced AI solutions. The company is also selected as a tactical pick due to its attractive valuation. BofA Securities raised its rating on Infosys citing higher transformational IT spends in 2025 after US Presidential election. Ace investor Manish Chokhani expresses sentimental attachment to Infosys.

Infosys and Intel Expand Strategic Collaboration for AI Solutions - 11 Apr, 2024

Infosys and Intel have announced an expansion of their strategic collaboration to offer advanced artificial intelligence (AI) solutions that will help businesses become cost-effective, performance-driven, and responsible by design.

Infosys Receives Upgrades and Expands Collaboration with Intel - 10 Apr, 2024

Infosys receives upgrades from BofA and Anand Rathi, while expanding its strategic collaboration with Intel to accelerate AI journeys. Additionally, Infosys Foundation commits a grant of Rs 33 crore to strengthen cybercrime investigation capabilities of Karnataka police.

Infosys Stock Upgraded by BofA Securities - 09 Apr, 2024

Bank of America (BofA) has upgraded Infosys stock to Buy from Neutral and raised the target price to Rs 1,785. The upgrade is based on anticipated demand recovery by 2025 and normalization of post-Covid IT spends by mid CY24. Compliance with Basel III norms and SAP upgrade deadline are expected to drive up regulatory tech spending. Transformational IT spending could see an uptick post-US elections. Analysts predict a soft Q4FY24 due to higher wage costs and absence of large deals.