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

INFOSYS LTD (INFY)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Infosys : Net Profit Up 1.4% in Fiscal 1st-Quarter -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/14/2017 | 10:38am CET
   By Newley Purnell 
 

NEW DELHI--Infosys Ltd. (500209.BY) on Friday posted a 1.4% rise in 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 ago. That was marginally higher than the INR34.44 billion that had been 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.

"Over all, I am very happy with our performance," Chief Executive Vishal Sikka said at a press conference. He said that the company was working to increase the sophistication of its offerings and that "we will count on strong growth in these services."

Like its competitors, Infosys is seeking to provide customers with more-complex services, including cloud computing and big data analytics, rather than the traditional information-technology offerings the company has relied on in the past.

The company is also dealing with increased scrutiny of Indian outsourcers' use of the H-1B skilled-worker visa program in the U.S. under the Trump administration.

Infosys in May said it planned to hire some 10,000 American workers in the U.S. over the next two years, with the first of four work centers set to open next month in Indiana, where Vice President Mike Pence previously served as governor. Mr. Sikka also reiterated the company's intention to hire 2,000 people in North Carolina in the coming years.

Shares of Infosys were recently up 0.6% at INR983.50.

Tata Consultancy Services Ltd. (532540.BY), India's largest IT-services company by revenue and an industry bellwether, on Thursday recorded a 5.8% drop in net profit for its latest quarter.

The company's stock was recently down 1.7% at INR2,397.50.

Write to Newley Purnell at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INFOSYS LTD
09:13pCanada's PM says India trip about broader ties not just political ones
RE
04:47pINFOSYS : IT stocks gain; Infosys, Tech Mahindra rise
AQ
01:20pSeven technology consulting firms named top UK employer
AQ
01:18pINFOSYS : SUSE names Infosys as its first top-tier partner
AQ
02/19INFOSYS : CTS posts annual revenues of $14.81 bn, 9.8% revenue growth in q4
AQ
02/19INFOSYS : Recognised as a Top Employer in Europe
PU
02/18INFOSYS : divests its entire stake in Onmobile Systems Inc., USA
AQ
02/16INFOSYS : Two Gold rated flexi-cap mutual funds from Morningstar
AQ
02/16INFOSYS : Sens. Donnelly, Young Tout Indianapolis' Growing Tech Community & Top ..
AQ
02/16INFOSYS : Kochi to host global it summit
AQ
More news
News from SeekingAlpha
02/10RETIREMENT : A Future-Proof Portfolio For Young Investors - Dividend Increases A.. 
02/04Tracking Yacktman Asset Management Portfolio - Q4 2017 Update 
01/31SS&C TECHNOLOGIES : Misunderstood Model, Proven Track Record Point To Upside 
01/25RETIREMENT : A Future-Proof Portfolio For Young Investors 
01/19INFOSYS : Seeking Relevancy 
Financials ( INR)
Sales 2018 706 B
EBIT 2018 173 B
Net income 2018 154 B
Finance 2018 275 B
Yield 2018 2,73%
P/E ratio 2018 16,71
P/E ratio 2019 16,15
EV / Sales 2018 3,09x
EV / Sales 2019 2,75x
Capitalization 2 460 B
Chart INFOSYS LTD
Duration : Period :
Infosys Ltd Technical Analysis Chart | INFY | INE009A01021 | 4-Traders
Technical analysis trends INFOSYS LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 1 166  INR
Spread / Average Target 3,0%
EPS Revisions
Managers
NameTitle
Salil S. Parekh Chief Executive Officer & Managing Director
S. Ravikumar President & Deputy Chief Operating Officer
Nandan M. Nilekani Non-Executive Chairman
U. B. Pravin Rao Chief Operating Officer & Director
Ranganath D. Mavinakere Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
INFOSYS LTD6.94%38 117
INTERNATIONAL BUSINESS MACHINES CORPORATION0.87%144 590
ACCENTURE4.38%104 279
TATA CONSULTANCY SERVICES8.22%86 731
AUTOMATIC DATA PROCESSING-3.82%51 499
VMWARE, INC.-0.72%50 211