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

INFOSYS LTD (INFY)
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Infosys : Fiscal First Quarter Net Profit Rises 1.4%

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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 [email protected]

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Financials ( INR)
Sales 2019 772 B
EBIT 2019 180 B
Net income 2019 153 B
Finance 2019 264 B
Yield 2019 3,57%
P/E ratio 2019 16,94
P/E ratio 2020 15,52
EV / Sales 2019 2,98x
EV / Sales 2020 2,69x
Capitalization 2 561 B
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Technical analysis trends INFOSYS LTD
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 1 230  INR
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Salil S. Parekh Chief Executive Officer & Managing Director
S. Ravikumar President & Deputy Chief Operating Officer
Nandan M. Nilekani Non-Executive Chairman
U. B. Pravin Rao Chief Operating Officer & Director
Ranganath D. Mavinakere Chief Financial Officer & Executive Vice President
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