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

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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 2018 715 B
EBIT 2018 170 B
Net income 2018 142 B
Finance 2018 289 B
Yield 2018 3,47%
P/E ratio 2018 14,06
P/E ratio 2019 13,02
EV / Sales 2018 2,46x
EV / Sales 2019 2,17x
Capitalization 2 047 B
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Infosys Ltd Technical Analysis Chart | INFY | INE009A01021 | 4-Traders
Technical analysis trends INFOSYS LTD
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 48
Average target price 1 014  INR
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
U. B. Pravin Rao Chief Executive Officer, Director & MD
Nandan M. Nilekani Non-Executive Chairman
Ranganath D. Mavinakere Chief Financial Officer & Executive Vice President
K. Suryaprakash VP & Head-Information Technology Services
Ganesh Gopalakrishnan SVP & Group Head-Information Systems
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