Infosys Ltd (INFY.NS)
25 Oct 2016
Fri, Oct 21 2016
* Infosys Ltd - company statement: addressing all queries concerning payment to former cfo
MUMBAI/BENGALURU Infosys Ltd cut its annual revenue growth target for the second time in three months as India's software service exporters feel the pinch of major Western clients holding back on spending as they wait to see how November's U.S. presidential election and Europe's Brexit drama play out.
Oct 14 Indian shares closed marginally higher on Friday, led by software firm Tata Consultancy Services after upbeat quarterly profit, but a revenue forecast cut by smaller rival Infosys weighed on the technology index.
Oct 14 Indian shares recovered from the previous session's multi-month lows to trade marginally higher on Friday, with financials leading the gains on prospects of further rate cuts after inflation cooled to a 13-month low in September.
* Financial services despite challenges have seen good growth
* Infosys Ltd - net employee addition was 2,779 in Sept-quarter
* Sept quarter consol revenue from operations 173.10 billion rupees
MUMBAI, Oct 14 Infosys Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.
Aug 16 Indian shares ended lower on Tuesday, as software services exporters retreated after Royal Bank of Scotland cancelled a contract with Infosys and as world stocks moved away from one-year peaks amid global concerns.
Aug 16 Indian shares fell on Tuesday as software services exporters declined after Infosys said Royal Bank of Scotland had cancelled a contract, sparking renewed concerns about the outlook for the sector.
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