|Bid||12.18 x 21500|
|Ask||12.19 x 3200|
|Day's range||11.91 - 12.23|
|52-week range||6.76 - 12.23|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||22.11|
|Forward dividend & yield||0.25 (2.12%)|
|1y target est||N/A|
Infosys' (INFY) digital technologies will help transform Vanguard's defined contribution operations.
Companies in the new are: INFY, PGR, BE, ORMP
Indian shares closed higher on Thursday, led by gains in pharmaceutical and IT stocks, even though coronavirus cases in the world's second-most populous nation inched towards one million. Shares of Infosys surged nearly 15% to a record high during the session after the software services provider reported a better-than-expected profit in the first quarter on Wednesday evening and reinstated its full-year revenue growth guidance. Infosys boosted the Nifty IT index, which closed up 3% on Thursday.
Shares of Infosys (NYSE: INFY) have popped today, up by 12% as of noon EDT, after the company reported fiscal first-quarter earnings results. The outsourcing specialist beat expectations for both the top and bottom lines and operating margin expanded. The technology outsourcing company also said its operating margin expanded by 220 basis points.
Infosys' (INFY) first-quarter fiscal 2021 results benefit from strong demand for its cloud service, IoT, cyber security, SaaS, user experience, data and analytics.
Shares of India's Infosys Ltd on Thursday soared 15% to a fresh record high, a day after large deal wins and tighter costs helped the country's second largest IT firm post better-than-expected profit and reinstate its full-year outlook. The Bengaluru-based software services provider reported a 11.5% jump in profit in a quarter that was expected to be disruptive for India's nearly $200 billion IT industry as the coronavirus outbreak crimped client spending. Infosys shares were on track for their best day in more than seven years on Thursday, and lifted the benchmark Mumbai index 0.5%.
Infosys' (INFY) digital solutions will bring advanced automation to Old National Bancorp's infrastructure, thus reducing time to market.
While Infosys' (INFY) Q1 performance is likely to have benefited from the ongoing digital transformations and large deal wins, elevated expenses might have hurt the bottom line.
Amazon launched a $2 billion venture capital fund Tuesday to invest in technologies and services aimed at reducing greenhouse gas emissions. Speaking to Yahoo Finance, Amazon’s Head of Worldwide Sustainability Kara Hurst said the move was yet another step to use the e-commerce giant’s 'scale for good' as it sets aggressive targets to become carbon neutral by 2040.
Hewlett Packard (HPE) brings five new solutions to mitigate the spread of the virus in the workplace as people slowly resume working from offices.
Infosys (INFY) comes up with new cloud and edge-based solutions -- Return to Workplace -- to help organizations ensure the safety and wellness of their staff as they return to offices steadily.
Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks. Large Wall Street banks are widely expected to reduce overall budgets and discretionary tech spending, which includes areas such as technology consulting services, business analytics, research and design and process management projects. Accenture, Tata Consultancy Services, Infosys and Cognizant Technology Solutions - among the world's largest tech services vendors - have offered to do more for them at lower rates, three executives who have taken part in the discussions told Reuters.
Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts. "There will be some sort of recessionary environment," Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference.
Investors awaited retail inflation data for December, due later in the day. "Rising inflation after December has been priced in by the market because toward the end of the year (2019) we had seen upticks in inflation," said Anand James, chief market strategist at Geojit Financial Services. The Nifty 50 Index ended 0.59% higher at 12,329.55, while the benchmark S&P BSE Sensex Index jumped 0.62% to 41,859.69.
India's second-biggest IT company, Infosys Ltd , said it found no evidence of financial misconduct by its executives following a investigation into whistleblower complaints. Bengaluru-headquartered Infosys, which earlier on Friday raised its revenue forecasts due to upbeat demand from Western clients, said an audit committee report exonerated Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy of all allegations, including accusations that the duo prevented employees from presenting data on large deals. "I'm very happy that CEO Salil Parekh and CFO Nilanjan Roy have emerged from this stronger," Infosys Chairman Nandan Nilekani told reporters.
The Zacks Analyst Blog Highlights: Booking, Allergan, Honda Motor, Infosys and Activision Blizzard
Indian IT services major Infosys Ltd <INFY.NS> said on Monday it had not yet received any evidence to support the allegations in a whistleblower letter from last month, sending its shares up as much as 6.5% in early trading. A letter, claimed to have been written by some employees of the company in October, said Chief Executive Officer Salil Parekh asked them and others to bypass approvals for large deals, fearing a negative impact on shares from reduced profit. Infosys shares have lost 10% of their value since the letter surfaced.
Infosys Ltd <INFY.NS> <INFY.N> on Thursday said the U.S. Securities and Exchange Commission (SEC) has launched a probe into whistleblower claims that the Indian software services firm used 'unethical practices' to boost revenue and profit. The company said India's market regulator, the Securities and Exchange Board of India, has also asked it to submit information concerning the complaints. Infosys, India's second-biggest IT services firm by revenue after Tata Consultancy Services Ltd <TCS.NS>, on Tuesday said it was investigating claims including that Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals fearing the negative impact of reduced profit on Infosys' share price.
Infosys Ltd <INFY.NS> <INFY.N> on Thursday said the U.S. Securities and Exchange Commission (SEC) has launched a probe into whistleblower claims that the Indian software services firm used 'unethical practices' to boost revenue and profit. The company said India's market regulator, the Securities and Exchange Board of India (SEBI), has also asked it to submit information concerning the complaints. Infosys, India's second-biggest IT services firm by revenue after Tata Consultancy Services Ltd <TCS.NS>, on Tuesday said it was investigating claims including that Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals fearing the negative impact of reduced profit on Infosys' share price.