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
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
06:37p INFOSYS : Indian IT`s slow road to digital is hampering revenue growth
02:12p INFOSYS : ATP and Infosys Launch 'Second Screen', Offering Real-Time Insights in..
09:45a KPIT TECHNOLOGIES : Nifty IT Index up over 1.5% on weak rupee
11/16 India VIX snaps 4-day gaining streak, dips 8%
11/16 INFOSYS : ATP and Infosys Launch ‘Second Screen’, Offering Real-Time..
11/15 INFOSYS : Indian firms poised to bridge tech skills gap in US
11/15 INFOSYS : Partners with Udacity to Offer Self-Driving Car Engineer Nanodegree Pr..
11/15 INFOSYS : Science Foundation Recognizes Six Inspiring Researchers and Scientists
11/14 INFOSYS : eyeing tie-ups for AI, data analytics
11/14 Indian IT sector sees new growth drivers in mid-tier firms
More news
News from SeekingAlpha
11/06 Portfolio Management
11/05 Tracking Yacktman Asset Management Portfolio - Q3 2017 Update
10/24 Infosys (INFY) Q2 2018 Results - Earnings Call Transcript
10/24 Infosys reports Q3 results, FY18 outlook
10/24 Infosys Limited beats by $0.01, misses on revenue
Financials ( INR)
Sales 2018 710 B
EBIT 2018 172 B
Net income 2018 145 B
Finance 2018 299 B
Yield 2018 3,14%
P/E ratio 2018 15,30
P/E ratio 2019 14,28
EV / Sales 2018 2,76x
EV / Sales 2019 2,45x
Capitalization 2 259 B
Chart INFOSYS LTD
Duration : Period :
Infosys Ltd Technical Analysis Chart | INFY | INE009A01021 | 4-Traders
Technical analysis trends INFOSYS LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 46
Average target price 1 010  INR
Spread / Average Target 2,2%
EPS Revisions
Managers
NameTitle
U. B. Pravin Rao Chief Executive Officer, Director & MD
Nandan M. Nilekani Non-Executive Chairman
Ranganath D. Mavinakere Chief Financial Officer & Executive Vice President
K. Suryaprakash VP & Head-Information Technology Services
Ganesh Gopalakrishnan SVP & Group Head-Information Systems
Sector and Competitors
1st jan.Capitalization (M$)
INFOSYS LTD-5.96%34 844
INTERNATIONAL BUSINESS MACHINES CORPORATION-10.16%138 054
ACCENTURE23.16%94 265
TATA CONSULTANCY SERVICES LIMITED14.51%81 092
VMWARE, INC.53.93%50 182
AUTOMATIC DATA PROCESSING7.67%49 241