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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

India's Infosys to buy digital studio Brilliant Basics
Thursday, 3 Aug 2017 10:23am EDT 

Aug 3 (Reuters) - :Infosys <<>> to acquire digital innovation and customer experience studio, Brilliant Basics.Infosys says acquisition is expected to close during the second quarter of fiscal 2018.  Full Article

Infosys exec: no slowdown in hiring in India, hiring in U.S. not going to impact India hiring
Friday, 14 Jul 2017 05:20am EDT 

July 14 (Reuters) - India's Infosys :Exec says no slowdown in hiring in India, hiring in U.S. Not going to impact hiring in India.  Full Article

India's Infosys exec says will need to watch rupee as it continues to be uncertain
Friday, 14 Jul 2017 01:19am EDT 

July 14 (Reuters) - Infosys CEO Vishal Sikka, CFO M.D. Ranganath and COO Pravin Rao at a TV conference. Infosys exec says: :Financial services we continue to see good traction.Sees opportunity in the energy sector.Cash balance at 390 billion rupees, at its highest ever.Will need to watch the rupee as it continues to be uncertain.Will continue to focus on operational efficiency.  Full Article

India's Infosys June-qtr consol profit up about 1.4 pct
Thursday, 13 Jul 2017 11:35pm EDT 

July 14 (Reuters) - Infosys Ltd ::June quarter consolidated profit 34.83 billion rupees .Consensus forecast for June quarter consol profit was 34.39 billion rupees.June quarter consol revenue from operations 170.78 billion rupees versus 167.82 billion rupees last year.Says appointed D Sundaram as independent director.Says to execute business transfer agreement with Noah Consulting LLC.Says business transfer agreement to transfer business of Noah Consulting LLC to co.Says navigated "another quarter of significant currency volatility through our hedging”.The consol profit number was first sourced from TV and later confirmed from a company press release at the National Stock Exchange.  Full Article

Infosys says financial results to be approved by board of directors on July 14
Thursday, 6 Jul 2017 05:29am EDT 

July 6 (Reuters) - Infosys Ltd :Says financial results would be finally approved by board of directors on July 14, 2017.  Full Article

Infosys announces divestment in Cloudyn Software Ltd
Friday, 30 Jun 2017 01:42pm EDT 

June 30 (Reuters) - Infosys Ltd :Announces divestment in Cloudyn Software Ltd.Signed on June 29, 2017, agreement for divestment of entire investment in Cloudyn for total consideration of about $4.4 million.Divestment is due to Microsoft signing a definitive agreement for the acquisition of Cloudyn.  Full Article

Infosys says probe into whistleblower complaints finds no evidence of wrongdoing
Friday, 23 Jun 2017 06:59am EDT 

June 23 (Reuters) - Infosys Ltd ::Conclusion of independent investigation into allegations made by anonymous whistleblower.Says audit committee approved a comprehensive investigation into the anonymous complaints.Gibson Dunn & Control Risks completed detailed independent investigation and did not find any evidence whatsoever of wrongdoing.No evidence supporting whistleblower’s allegations regarding acquisitions was found.No evidence found on inappropriate contracting.No evidence found that mergers and acquisitions team failed to obtain appropriate approvals.Found no evidence that ceo received excessive variable compensation or incurred unreasonable expenses for security, travel and the palo alto office.  Full Article

Infosys says news reports on pricing cuts seen by IT industry attributed to COO are incorrect
Wednesday, 7 Jun 2017 09:14am EDT 

June 7 (Reuters) - Infosys Ltd :Infosys clarifies that news reports on pricing cuts seen by IT industry being attributed to Infosys COO are incorrect.Says would like to reiterate that co is not seeing anything new on pricing.  Full Article

Infosys' exec says incredibly difficult to achieve $20 bln revenue target by 2020
Thursday, 13 Apr 2017 05:24am EDT 

Infosys' : Exec says incredibly difficult to achieve $20 billion revenue target by 2020 . Exec says "no idea" if relationship with founders will get better with appointment of co-chairman Further company coverage: [INFY.NS] (Reporting By Anya George Tharakan and Arnab Paul) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys' exec says strong need to make automation and productivity improvements
Thursday, 13 Apr 2017 01:17am EDT 

Infosys' : Exec says strong need to make automation and productivity improvements . Exec says environment is challenging, guidance low based on Q4 performance . Exec says continue to be positive on financial services . Exec says expect some of the discretionary spends to come back later in the year . Exec says expect retail business to be soft or volatile in the coming year Further company coverage: [INFY.NS] (Reporting By Sankalp Phartiyal) ((swati.bhat@thomsonreuters.com;)).  Full Article

Indian shares little changed; Infosys gains

Aug 17 Indian shares ended nearly flat on Thursday paring early gains due to a decline in banking shares, while a surge in market heavyweight Infosys Ltd after the announcement of a probable share buyback propped up the indexes.