Infosys Ltd (INFY.BO)
BENGALURU/MUMBAI Wipro Ltd , India's third-largest software services exporter, announced an up to 110 billion rupee ($1.71 billion) share buyback on Thursday, overshadowing a tepid revenue forecast that fell short of market expectations.
BENGALURU/MUMBAI, July 20 Wipro Ltd, India's third-largest software services exporter, announced an up to 110 billion rupee ($1.71 billion) share buyback on Thursday, overshadowing a tepid revenue forecast that fell short of market expectations.
July 20 Indian shares fell on Thursday, dragged down by IT stocks such as Infosys Ltd, while investors await quarterly results from Wipro Ltd and Reliance Industries Ltd due later in the day.
BENGALURU/MUMBAI Infosys Ltd, India's No. 2 software services exporter, eked out a slight rise in first-quarter profit, although the outlook for more earnings gains remains cloudy due to higher labor costs and unfavorable currency rates.
* Keeps constant currency revenue growth guidance at 6.5-8.5 pct
* Exec says no slowdown in hiring in India, hiring in U.S. Not going to impact hiring in India Further company coverage: (Reporting By Arnab Paul and Laharee Chatterjee in BANGALORE)
* Q1 net profit 34.83 bln rupees vs 34.39 bln rupees analysts f'casts
July 14 Infosys Ltd, India's second-biggest software services exporter, reported a 1.4 percent increase in first-quarter profit on Friday, slightly beating street estimates, helped by key client wins.
July 14 Infosys CEO Vishal Sikka, CFO M.D. Ranganath and COO Pravin Rao at a TV conference. Infosys exec says:
* Says FY 18 revenue guidance retained at 6.5%-8.5% in constant currency; FY 18 operating margin guidance retained at 23%-25%