Infosys Limited, Inc.NASDAQ
Mon, Nov. 21, 12:26 PM
- 52-week highs on 3x or more normal volume:
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- CubeSmart (CUBE -0.9%)
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- Infosys (INFY)
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- Grupo Televisa (TV -0.4%)
Mon, Nov. 14, 3:50 PM
Fri, Oct. 14, 10:15 AM
Fri, Oct. 14, 9:15 AM
- Infosys (NASDAQ:INFY) registered $2.587B in revenue (+3.5% Q/Q, +8.2% Y/Y), operating profit of $644M (+7% Q/Q, +5.6% Y/Y), net profit of $539M (+5.5% Q/Q, +3.8% Y/Y) and EPS of $0.24 (+5.5% Q/Q, 3.8% Y/Y).
- Outlook for FY 2017, however, has been adjusted lower, now estimating constant currency revenues to grow at 8%-9% (vs. 10.5%-12% previously).
- CEO Dr. Vishal Sikka: "While we continue to navigate an uncertain external environment, we remain focused on executing our strategy and increasing momentum of our software plus services model . . . Longer-term, I believe it's increasingly clear that our industry's future lies in evolving from a cost-based, people-only model, to one in which people are amplified by software and AI, and are freed to innovate in areas that are strategic to our clients' future. And in this all-important transformation, I am glad to see us make continued progress."
- Yesterday: Cognizant Technology Solutions, Infosys aided by Tata Consultancy Services profit beat
- Financial results
- Archived management commentary
- Archived conference call I, II
- Press release
- Fact sheet
Fri, Oct. 14, 5:41 AM
Thu, Oct. 13, 5:30 PM
Thu, Oct. 13, 2:59 PM
- Cognizant Technology Solutions (NASDAQ:CTSH) is up 2.3% while Infosys (NASDAQ:INFY) is higher by 4.2% subsequent Tata Consultancy Services posting better-than-projected Q3 profit despite "caution among customers", "holdbacks in discretionary spending" and other industry headwinds. Lower revenue, however, is considered indicative of increasing competition and rigorous market conditions.
- Infosys to report Q2 results early tomorrow, Cognizant expected to report on November 2.
Fri, Jul. 15, 3:00 PM
Fri, Jul. 15, 12:46 PM
Fri, Jul. 15, 10:32 AM
- Citing a slowdown in both consulting firm spending and large project adoption growth rate, Infosys (INFY -9.4%) missed estimates and cut its revenue forecast.
- Under current CEO Vishal Sikka, Infosys had previously only missed on earnings one other time, back in March 2015.
- Headquartered in India, Infosys is the second-largest information technology and software services company in Asia behind Tata Consultancy Services.
- Concerns over the traditional IT services companies like Infosys provide, and competition from more nimble, cloud-based enterprise solutions are keeping a lid on worldwide IT spending expectations. Additional unease is also seen in Infosys' ability to pivot and adjust to rapidly adapting evolutions in its industry.
Fri, Jul. 15, 9:16 AM
Fri, Jul. 15, 5:45 AM
Thu, Jul. 14, 5:30 PM
Fri, May 27, 5:39 PM
Fri, Apr. 15, 9:17 AM
- Infosys (NYSE:INFY) is up 5.3% premarket after today's fiscal Q4 earnings report featured a revenue beat and solid guidance.
- Revenues were up 13.3% on a headline basis but grew 15% in constant currency. Earnings were in line with expectations but grew 7% from the prior year.
- Cash generation was strong in a "volatile currency environment," CFO M.D. Ranganath said. Cash and equivalents rose to $5.2B on March 31 from last quarter's $4.765B.
- Infosys is guiding to revenues growing 11.5%-13.5% in constant currency for the full year, and 11.8%-13.8% in dollar terms considering today's rates.
- The company said Mohit Joshi, Ravi Kumar S and Sandeep Dadlani have been named as presidents, effective immediately.
- Now read Why Infosys Has Become A Good Stock To Own Again »
Fri, Apr. 15, 9:13 AM