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Infosys Ltd (INFY.N)

INFY.N on New York Stock Exchange

14.56USD
28 Apr 2017
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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

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

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

More From Around the Web

Infosys in process of adding two new members to board - report

April 24 Infosys Ltd, India's second biggest software services exporter, is in the process of expanding its board of directors by inducting two more members, CNBC TV18 reported on Monday.