Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Infosys Ltd    INFY   INE009A01021

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Infosys : Fiscal First Quarter Net Profit Rises 1.4%

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/14/2017 | 07:10am CEST
   By Newley Purnell 
 

NEW DELHI--Infosys Ltd. on Friday reported a 1.4% rise in its fiscal first-quarter net profit as it grapples with a changing technological landscape and increased focus on its use of skilled-worker visas in the U.S.

India's second-largest outsourcer by sales said profit in the three months ended June 30 stood at 34.83 billion rupees ($540 million), compared with INR34.36 billion a year earlier.

That was marginally higher than the INR34.44 billion projected by analysts surveyed by Thomson Reuters. Revenue grew 1.8% to INR170.78 billion.

The Bangalore-based company maintained its projection that revenue for the current financial year, which ends March 31 2018, will grow between 6.5% and 8.5% in constant currency terms.

"We had broad-based growth across geographical and industry segments," Chief Operating Officer Pravin Rao said in a statement.

Like its competitors, Infosys is seeking to provide customers with more sophisticated services, like cloud computing and big data analytics, rather than the traditional IT offerings it has relied on in the past.

It is also dealing with increased scrutiny on Indian outsourcers' use of the skilled worker H-1B visa program in the U.S. following President Donald Trump's election.

-- Write to Newley Purnell at newley.purnell@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INFOSYS LTD
04:23p INDIAN ADRS : Wipro, Infosys, Dr Reddy`s Labs, Tata Motors gain; HDFC Bank slips
10:26a Despite muted performance in Q1FY18, TCS, Wipro, Infosys met estimates
10:06a Indian ADRs – Wipro jumps by 5.7% on Thursday
07/21 WIPRO : beats expectations, announces second share buyback
07/21 WIPRO : Wipros faith-based valuations
07/21 INDIAN ADRS : Dr Reddy`s Lab, HDFC Bank, Infosys gain
07/21 INFOSYS : Finacle named a Leader among Digital Banking Engagement Platforms
07/21 INFOSYS : recognized as Leader in NelsonHalls NEAT Report for IoT Services
07/21 F&O : Immediate support for Nifty at 9830
07/21 INFOSYS : Mindtree top loser on Nifty IT index
More news
News from SeekingAlpha
07/19 DIVIDEND PICKS AND PANS : Looking At 5 Cheap, High ROIC Stocks
07/17 54 Stocks Selected For Growth, Value, And Income
07/14 Infosys' (INFY) CEO Vishal Sikka on Q1 2018 Results - Earnings Call Transcrip..
07/14 Infosys reports Q2 with customer growth, retains guidance
07/14 Infosys Limited beats by $0.01, revenue in-line
Financials ( INR)
Sales 2018 716 297 M
EBIT 2018 170 738 M
Net income 2018 144 901 M
Finance 2018 314 437 M
Yield 2018 3,19%
P/E ratio 2018 15,33
P/E ratio 2019 14,06
EV / Sales 2018 2,69x
EV / Sales 2019 2,38x
Capitalization 2 240 195 M
Chart INFOSYS LTD
Duration : Period :
Infosys Ltd Technical Analysis Chart | INFY | INE009A01021 | 4-Traders
Technical analysis trends INFOSYS LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 51
Average target price 1 083  INR
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Vishal Sikka Chief Executive Officer, Director & MD
Ramaswami Seshasayee Co-Chairman
Ravi Venkatesan Co-Chairman
U. B. Pravin Rao Chief Operating Officer & Director
Ranganath D. Mavinakere Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
INFOSYS LTD-4.15%34 797
ACCENTURE10.01%83 078
TATA CONSULTANCY SERVICES LIMITED2.98%74 075
AUTOMATIC DATA PROCESSING1.75%46 790
COGNIZANT TECHNOLOGY SOLUTIONS24.90%41 218
NETEASE42.66%40 323