|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,140.10 - 1,164.00|
|52-week range||861.50 - 1,220.00|
|PE ratio (TTM)||1,077.53|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Infosys Limited (INFY) and PTC unveil Center of Excellence in Infosys Bengaluru campus for innovating premium solutions required for greenfield as well as brownfield industrial arrangements.
A survey of human resource professionals in the U.S. shows a ten percentage points increase in demand for foreign, high skilled workers.
Bengaluru, Jan 13 (IANS) Terming the global software major a phenomenal company started by people with a great vision, newly-appointed Chief Executive Salil Parkeh on Friday exuded confidence in building a stronger Infosys. My hope is to be connected with its founders and build a stronger Infosys," Parekh told reporters in his maiden interaction with the media here. AParekh, 53, is the second non-promoter executive to lead the $10 billion iconic firm after its first non-founder CEO Vishal Sikka resigned in August over governance issues with its promoters, especially N.R Narayana Murthy last year.
The new chief executive of Infosys Ltd said he would lay out updated strategic priorities for India's second-biggest software services exporter by April after the company maintained its full-year revenue outlook. Infosys reported a rise in net profit of 38.3 percent from a year earlier to 51.29 billion rupees ($806 million) for the quarter to Dec. 31, way above analysts' estimates. Chief Executive Salil Parekh, who joined the company in January, said he planned to engage with clients, employees, partners, senior executives and the company's board over the next three months to build a "comprehensive view".
Infosys (INFY) has braved formidable odds like contracted IT spending and unfavorable political climate in the United States to score earnings beat in third-quarter fiscal 2018.
Bengaluru, Jan 12 (IANS) Global software major Infosys on Friday reported consolidated net profit of Rs 5,129 crore for the third quarter of fiscal 2017-18, registering 38.3 per cent record annual growth ...
On a per-share basis, the Bangalore, India-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring gains, were 25 cents per share. The results met Wall Street expectations. ...
Infosys Ltd. posted a 38 percent surge in third-quarter profit on a tax benefit and investments in digital technologies as its new chief executive officer maintained forecasts for slowing sales growth....
The Advanced Pricing Agreement (APA), now concluded following discussions initiated in 2015, is expected to result in reversal of tax provisions of about $225 million made in the previous periods and boost the company's consolidated basic earnings per share by about $0.10 for quarter ended December 31, the Bengaluru-based company said in a statement. APA is an agreement between a taxpayer and the tax authority defining an appropriate methodology for computing taxable income. The APA will enhance predictability of company's tax obligations in respect to U.S. operations, Infosys added.
Infosys (INFY) is chosen by Proximus, the largest telecommunications company of Belgium, to implement Excite to strengthen the Proximus' IT capabilities.
Infosys (INFY) announces collaboration with ValGenesis to bring a stronger compliance and quality management for customers in the healthcare and life sciences sectors.
Bengaluru, Jan 4 (IANS) Global software major Infosys will pay its new Chief Executive Officer and Managing Director (CEO & MD) Salil S. Parekh a whopping Rs 16.25 crore salary per annum, the IT major said on Thursday. In a regulatory filing on the BSE, the company said in addition to Rs 6.5 crore fixed pay and Rs 9.75 crore variable pay, Parekh would get its restricted stock units (RSUs) or shares (Rs 5 face value) equivalent to Rs 3.25 crore as annual equity grant and annual performance equity grant worth Rs 13 crore, taking the total package to Rs 32.5 crore ($5 million) per annum for five years. Parekh's overall annual compensation ($5 million) is, however, 45 per cent less than the $11.26 million (Rs 73 crore) the company paid to Vishal Sikka per annum during his three-year tenure from August 1, 2014 to August 24, 2017.
Bengaluru, Jan 4 (IANS) Global software major Infosys will pay its new Chief Executive Officer and Managing Director Salil S. Parekh a whopping Rs 16.25 crore salary per annum, said the IT major on Thursday. ...
Mumbai, Dec 30 (IANS) IT major Infosys on Friday said that it has signed an agreement to divest its entire investment in ANSR Consulting Holdings. According to a BSE filing, Infosys had a minority investment ...
Infosys Limited's (INFY) Business Process Outsourcing subsidiary, Infosys BPO, changes name to Infosys BPM Limited. The modification is in sync with the shift in its service-providing approach.
Bengaluru, Dec 16 (IANS) The state-run National Informatics Centre (NIC) will develop a network to implement the e-way bill system from February 1 next, Bihar Deputy Chief Minister Sushil Kumar Modi said on Saturday. The NIC will launch a trial version of the e-way bill system from January 15. "The NIC has been assigned to implement the network for the e-way bill system.
The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly was not ready for launch, several people who worked on the project said. Weeks before the July 1 start of India's biggest tax overhaul in decades, the government declared itself ready and chided industry experts who said more time was needed to prepare for the changes. While the sources said Infosys, which built the GST technological network, made "basic errors", they said government officials have not accepted any responsibility for the glitches in the GST roll out.
Infosys Ltd.’s plan to turn disruption to its advantage by focusing on newer digital technologies will begin showing results in the coming financial year, according to billionaire co-founder and Chairman ...
Bengaluru, Dec 6 (IANS) Software major Infosys had settled the severance pact with its former Chief Financial Officer (CFO) Rajiv Bansal who quit the company in October 2015, said the IT major on Wednesday. "The settlement application has been submitted to the market regulator - Securities Exchange Board of India (SEBI) on former CFO's severance pact made in October 2015," said the company in a regulatory filing on the BSE. The settlement application process is based on an undertaking that the company will "neither admit or deny finding of fact or conclusion of law".
Infosys has sought a settlement with India's market regulator over a disputed severance package awarded to its former chief financial officer. Founders of the Indian IT services company, led by Narayana Murthy, had objected to the payout to Rajiv Bansal and the ensuing row culminated in the resignation of the then CEO Vishal Sikka and chairman R Seshasayee. Infosys said in a statement on Wednesday it had applied to the Securities and Exchange Board of India as it wanted to resolve allegations, including issues related to not seeking the prior approval of the nomination and remuneration committee and disclosures relating to the payout.
Indian IT outsourcing giant Infosys (INFY) is trying to get past the Bollywood-ready soap opera that has played out in its management suite this year by appointing Salil Parekh chief executive, effective Jan. 2, a couple months ahead of expected. Parekh, a 25-year veteran of Capgemini (CGEMY), is the second outsider to take the helm and the fifth CEO in a decade and comes after a year of public management discord and at a time the company is struggling to transform its business as digital services and cloud computing eat into the bread and butter of Indian IT companies. Cowen analyst Bryan Bergin writes in a note overnight that Parekh was reportedly considered back in 2014 for the job and helped Capgemini with its cloud computing strategy.
Investors on Monday cheered the appointment of Infosys Ltd's new chief executive, in hopes the Indian IT services firm can move past a costly boardroom spat, though questions remain over how the new boss will navigate strained corporate ties internally. After well over a decade with Capgemini, Salil Parekh is returning to India to head Infosys, where he is tasked with reinvigorating growth, while keeping the peace. Parekh joins Infosys, historically a bellwether of India's $154 billion IT services sector, as it tries to heal following a nasty public spat between its board and founders that led to the dramatic exit of its previous CEO, Vishal Sikka, in August.