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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

India's Infosys Execs Say First Steps Of 3-Yr Transformation Program Starting To Show Traction
Tuesday, 16 Oct 2018 07:56am EDT 

Oct 16 (Reuters) - Infosys Ltd Executives Say::FIRST STEPS OF THREE YEAR TRANSFORMATION PROGRAMME STARTING TO SHOW TRACTION.WE SEE GOOD FUNDAMENTALS IN THE US MARKET, STRONG MACRO IN CONTINENTAL EUROPE.EXEC SAYS "OUR VIEW IS THIS IS FAIRLY COMFORTABLE OUTLOOK".REMAIN VERY POSITIVE IN FINANCIAL SERVICES SPACE; MOMENTUM, PIPELINE STRONG.HIGHER ATTRITION FOR STAFF IN 3-5 YEAR EXPERIENCE RANGE, TRYING TO ADDRESS WITH INTERVENTION.CONTINUE TO MAKE INVESTMENTS IN DIGITAL SERVICES, MORE OF THEM COMING IN THE SECOND HALF OF THE YEAR.WE SEE VERY GOOD TRACTION FOR DIGITAL SERVICES IN THE MARKET, HOPE TO SEE GOOD BUSINESS GROWTH.WE SEE OUR DIGITAL BUSINESS SHOWING A HIGHER MARGIN, OVERALL WE REMAIN QUITE CONFIDENT."WE HAVE VERY STRONG FOCUS ON CORE SERVICES; THEY ARE SHOWING SMALLER GROWTH BUT WITH GOOD TRACTION".ON FINANCIAL SERVICES - SEEING SPEND COME BACK IN NORTH AMERICA.THE FIRST SNAP WAS INITIALLY SOURCED FROM TV AND LATER CONFIRMED.  Full Article

India's Infosys' Exec Says Committed To Acquisitions That Fit Co's Strategy
Friday, 13 Apr 2018 07:56am EDT 

April 13 (Reuters) - Infosys Ltd ::INDIA'S INFOSYS' EXEC SAYS SIZE OF OVERALL DIGITAL DEALS IS IMPROVING.INDIA'S INFOSYS' EXEC SAYS CO EXPLORING POTENTIAL BUYERS FOR SUBSIDIARIES INCLUDING SKAVA AND PANAYA.INDIA'S INFOSYS' EXEC SAYS COMMITTED TO ACQUISITIONS THAT FIT CO'S STRATEGY.INDIA'S INFOSYS' EXEC SAYS CONTINUE TO INVEST IN RE-SKILLING WORKFORCE.INDIA'S INFOSYS' EXEC SAYS SPENDS FROM NORTH AMERICAN CLIENTS EXPECTED TO COME BACK LATER THIS YEAR.  Full Article

Calix And Infosys Enter Strategic Co-Creation Partnership
Tuesday, 10 Apr 2018 06:00am EDT 

April 10 (Reuters) - Calix Inc -:CALIX AND INFOSYS ENTER STRATEGIC CO-CREATION PARTNERSHIP TO ACCELERATE TIME-TO-MARKET FOR NEW CAPABILITIES ON AXOS PLATFORM.CO AND INFOSYS WILL JOINTLY INVEST TO CO-CREATE NEW SERVICES AND VALUE-ADDED OFFERINGS ON AXOS PLATFORM.MULTI YEAR PARTNERSHIP WITH INFOSYS TO ACCELERATE COMMUNICATIONS SERVICE PROVIDER (CSP) ADOPTION OF AXOS PLATFORM.  Full Article

Infosys To Open Technology And Innovation Hub In Connecticut
Wednesday, 14 Mar 2018 02:47pm EDT 

March 14 (Reuters) - Infosys::INFOSYS TO OPEN TECHNOLOGY AND INNOVATION HUB IN CONNECTICUT AND CREATE 1,000 JOBS BY 2022​.  Full Article

Infosys To Voluntarily Delist From Euronext Paris, Euronext London Exchanges
Monday, 12 Mar 2018 06:29am EDT 

March 12 (Reuters) - Infosys Ltd ::SAYS CO ANNOUNCES ITS INTENT TO VOLUNTARILY DELIST FROM EURONEXT PARIS AND EURONEXT LONDON EXCHANGES.SAYS ​ PRIMARY REASON FOR DELISTING IS LOW AVERAGE DAILY TRADING VOLUME OF INFOSYS ADS ON THESE EXCHANGES.SAYS CO'S AMERICAN DEPOSITARY SHARES WILL CONTINUE TO BE LISTED ON NYSE.SUBJECT TO APPROVAL OF PROPOSED DELISTING, A SALES FACILITY WILL BE PROVIDED TO THE HOLDERS OF ADS TRADING ON THE EXCHANGES.THERE WILL BE NO CHANGE TO INFOSYS SHARE/ADS COUNT, CAPITAL STRUCTURE, FLOAT, AS A RESULT OF PROPOSED DELISTING.  Full Article

Infosys Unit Infosys Finacle Partners With Moneythor
Wednesday, 28 Feb 2018 04:28am EST 

Feb 28 (Reuters) - Infosys Ltd ::SAYS UNIT INFOSYS FINACLE PARTNERS WITH MONEYTHOR.  Full Article

Infosys Signs Agreement To Divest Investment From Onmobile Systems Inc
Friday, 16 Feb 2018 06:33am EST 

Feb 16 (Reuters) - Infosys Ltd ::SAYS SIGNED AGREEMENT FOR DIVESTMENT OF ENTIRE INVESTMENT FROM ONMOBILE SYSTEMS INC. USA.SAYS DIVESTMENT FOR ‍TOTAL CONSIDERATION OF $2.5 MILLION.  Full Article

Infosys COO Pravin Rao Says Co Remains Confident On Banking, Insurance Segments
Friday, 12 Jan 2018 07:30am EST 

Jan 12 (Reuters) - Infosys Ltd ::INFOSYS CEO PAREKH SAYS HOPE AND EXPECT TO BE CONNECTED WITH CO'S FOUNDERS.INFOSYS COO PRAVIN RAO SAYS REMAIN CONFIDENT ON BANKING AND INSURANCE SEGMENTS.  Full Article

India's Infosys CEO Says Co Will Lay Out Strategic Priorities In April - TV
Friday, 12 Jan 2018 06:12am EST 

Jan 12 (Reuters) - Infosys Ltd CEO Salil Parekh::CEO SAYS CO WILL LAY OUT STRATEGIC PRIORITIES IN APRIL - TV.CEO SAYS FIRST PRIORITY TO CONNECT WITH CO'S PEOPLE, CLIENTS - TV.  Full Article

Infosys Dec-Qtr Consol Profit Up About 38 Pct
Friday, 12 Jan 2018 05:27am EST 

Jan 12 (Reuters) - Infosys Ltd ::DEC QUARTER NET PROFIT 51.29 BILLION RUPEES .DEC QUARTER CONSOL REVENUE FROM OPERATIONS 177.94 BILLION RUPEES VERSUS 172.73 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER CONSOL PROFIT WAS 37.10 BILLION RUPEES.DEC QUARTER CONSOL PAT OF 37.08 BILLION RUPEES LAST YEAR.Q3 STANDALONE ATTRITION DECLINED TO 15.8 PERCENT FROM 17.2 PERCENT IN Q2 18.RAJESH K MURTHY RESIGNS AS PRESIDENT.GROSS CLIENT ADDITIONS OF 79 IN DEC QUARTER.DEC QUARTER ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 18.7 PERCENT.DURING QUARTER, ON ACCOUNT OF CONCLUSION OF APA WITH US IRS, NET PROFIT INCREASED WHICH LED TO INCREASE IN QTRLY BASIC EPS BY $0.10.The profit alert was first sourced from TV and later confirmed from a press release on the BSE.  Full Article

UPDATE 2-Infosys sticks to revenue growth guidance as quarterly profit rises

* See spends coming back in North America - COO (Recasts, add execs' comments from news conference)