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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

1,035.10INR
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

India's Infosys CEO says continue to look for acquisitions
Tuesday, 14 Feb 2017 08:00am EST 

India's Infosys : CEO says continue to look for acquisition candidates that fit our profile . CEO says not looking for multi-billion dollar type acquisitions . CEO says there is no impact from customer point of view Further company coverage: [INFY.NS] (Mumbai newsroom) ((devidutta.tripathy@thomsonreuters.com)).  Full Article

Infosys CEO Sikka: relationship with founders is "wonderful"
Monday, 13 Feb 2017 12:29am EST 

India's Infosys CEO Vishal Sikka says: One area of disappointment has been consulting business and an area the company is squarely focused on . Company seeing good momentum in the Panaya, Skava & Noah businesses it has acquired . Huge number of jobs in IT services sector will be lost to automation in coming years . Relationship with the founders is "wonderful" . Meets with N. Murthy five to six times a year . "Drama" going on in the media is "distracting" . On buybacks: board from time to time will consider capital allocation policies . Will look at business needs and acquisition needs and decide on buybacks accordingly Further company coverage: [INFY.NS] (Reporting By Euan Rocha) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys says aligned with strategic direction of Vishal Sikka
Thursday, 9 Feb 2017 11:04am EST 

Infosys Ltd : Denies any governance lapses alleged by some sections of media in reports that have appeared in last few days . Board is fully aligned with the strategic direction of Vishal Sikka Further company coverage: [INFY.NS] ((bangalore.newsroom@thomsonreuters.com ;)).  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

Infosys revises FY 17 revenue guidance to 8-9 pct in constant currency
Friday, 14 Oct 2016 12:32am EDT 

Infosys : Infosys ltd says FY 17 revenue guidance revised to 8.0% - 9.0% in constant currency . Gross client additions of 78 in Sept-quarter . "Considering our performance in first half of the year and the near-term uncertain business outlook, we are revising our revenue guidance" .Shares fall over 5 percent after company lowers revenue guidance.  Full Article

India's Infosys Sept-qtr consol profit up about 6 pct
Friday, 14 Oct 2016 12:32am EDT 

Infosys Ltd : Sept quarter consol profit 36.06 billion rupees . Sept quarter consol revenue from operations 173.10 billion rupees . Consensus forecast for sept quarter consol net profit was 35.26 billion rupees . Consol profit in Sept quarter last year was 33.98 billion rupees as per Ind-AS; consol revenue from operations was 156.35 billion rupees . Says declares interim dividend of 11 rupees per share .Says appointed D.N. Prahlad as independent director.  Full Article

Infosys enters JV with Saudi Prerogative Company
Friday, 2 Sep 2016 08:15am EDT 

Infosys Ltd : Entered in to a joint venture agreement with Saudi Prerogative Company ( SPC ), in the kingdom of Saudi Arabia to conduct IT services .  Full Article

India's Infosys's exec says cloud based services will have a positive impact
Friday, 15 Jul 2016 05:36am EDT 

Infosys Ltd : Exec says cloud based services will have a positive impact Further company coverage: [INFY.NS] (Reporting By Anya George Tharakan and Tanvi Mehta) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys says had unanticipated headwinds in discretionary spending in consulting services, package implementations
Friday, 15 Jul 2016 12:46am EDT 

Infosys Ltd : Had unanticipated headwinds in discretionary spending in consulting services, package implementations as well as slower project ramp-UPS in large deals . Automation continues to be a core lever in the renewal of traditional service offerings . "Our focus on optimizing cost efficiency levers helped US during the quarter and our cash generation was strong" . Continued to see strong momentum in large deal wins in Q1 . Says client additions and top client growth was strong during the quarter . Continued to see growth in delivery services in Q1 due to renewal on the basis of zero distance, design thinking and automation .  Full Article

India's Infosys revises FY 17 revenue guidance to 10.5-12.0 pct in constant currency
Friday, 15 Jul 2016 12:45am EDT 

Infosys Ltd : FY 17 revenue guidance revised to 10.5%-12.0% in constant currency . Says net employee addition of 3,006 in June-quarter . Says gross client additions of 95 in June-quarter . Says June-quarter employee attrition (annualized standalone) at 15.8 percent versus 14.2 percent year ago . Says June-quarter employee attrition (annualized consolidated) at 21 percent versus 19.2 percent year ago .  Full Article

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