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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

990.50INR
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Latest Key Developments (Source: Significant Developments)

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

Infosys Ltd gross client additions 71 in March-qtr
Wednesday, 12 Apr 2017 11:42pm EDT 

Infosys Ltd : March quarter annualized standalone employee attrition at 13.5 percent versus 12.6 percent year ago . March quarter annualized consolidated employee attrition at 17.1 percent versus 17.3 percent year ago . Says gross client additions of 71 in March quarter . Says "unanticipated execution challenges and distractions in a seasonally soft quarter affected our overall performance" . Says "utilization during Q4 reached 82% which is the highest in Q4 over the past several years" .Continued to see many positive signs of strategy execution; software-led offerings continued to show strong momentum and client success.  Full Article

India's Infosys defends COO's salary hike
Monday, 3 Apr 2017 09:05am EDT 

Infosys Ltd : Pravin Rao’s compensation revision reflects philosophy of aligning interests of leadership team to long term shareholder interests . Cash component of Pravin Rao's compensation has decreased from Rs. 5.2 crores (including annual cash bonus) to Rs. 4.6 crores, a decrease of 10.6% . Revised compensation proposal was placed before shareholders and recommendations have been approved by 67% of co’s shareholders . Given the 4 year vesting period of stock, the net increase in pravin rao’s compensation for fy 18 will be 1.4%..  Full Article

Infosys says whistle blower complaints placed before audit committee
Tuesday, 21 Feb 2017 11:16pm EST 

Infosys Ltd : Comments on whistle blower complaints received by co . Says whistle blower complaints placed before audit committee .Says audit committee taking steps to initiate investigation into allegations made.  Full Article

Infosys Dec-qtr consol profit up about 7 pct
Thursday, 12 Jan 2017 10:51pm EST 

Infosys Ltd : Dec-quarter consol PAT 37.08 billion rupees . Dec-quarter consol revenue 172.73 billion rupees . Revises FY17 sales growth upwards to at 8.4-8.8 pct in constant currency . Consol net profit in Dec qtr last year was 34.65 bln rupees as per Ind-AS; consol revenue from ops was 159.02 bln rupees . Consensus forecast for Dec quarter consol net profit was 35.44 billion rupees .The first three alerts were sourced from TV and were later confirmed from a press release on the National Stock Exchange.  Full Article

Infosys says Blackrock Inc raises stake in co by 0.11 pct to 5 pct
Friday, 2 Dec 2016 02:31am EST 

Infosys Ltd :Says Blackrock Inc raises stake in co by 0.11 percent to 5 percent on Nov 16.  Full Article

Infosys invests in artificial intelligence startup UNSILO
Friday, 18 Nov 2016 02:51am EST 

Infosys Ltd : Infosys invests in UNSILO . Made an investment of DKK 14,920,000 from its innovation fund in UNSILO .Says investment will be completed upon receipt of regulatory approval.  Full Article

Infosys invests in software-defined servers provider TidalScale
Friday, 11 Nov 2016 03:10am EST 

Infosys Ltd : Says Infosys invests in TidalScale .Investment will be completed on or before November 24, 2016.  Full Article

Infosys Sept-qtr net employee addition was 2,779
Friday, 14 Oct 2016 12:33am EDT 

Infosys Ltd : Infosys Ltd - net employee addition was 2,779 in Sept-quarter . Infosys Ltd - Sept quarter annualized standalone employee attrition at 15.7 percent versus 14.1 percent year ago . Infosys Ltd - Sept quarter annualized consolidated employee attrition at 20 percent versus 19.9 percent year ago . Infosys Ltd - "operating cash flows for the quarter were healthy and we effectively navigated a volatile currency environment through prudent hedging" .Infosys Ltd says Q2 utilization excluding trainees up by 200 BPS sequentially to 82.5%.  Full Article

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BRIEF-Infosys announces strategic alliance with HP Inc

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