Edition:
United States

Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

731.00INR
18 Jan 2019
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Rs-2.40 (-0.33%)
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Latest Key Developments (Source: Significant Developments)

Infosys Says No Longer Probable That Sale Of Skava, Panaya Will Complete By March 31, 2019
Friday, 11 Jan 2019 06:00am EST 

Jan 11 (Reuters) - Infosys Ltd ::DURING QUARTER, CO CONCLUDED IT IS NO LONGER HIGHLY PROBABLE THAT SALE OF SKAVA AND PANAYA WOULD BE CONSUMMATED BY MARCH 31, 2019.PANAYA AND SKAVA HAVE BEEN DE-CLASSIFIED FROM “HELD FOR SALE”.ON DE-CLASSIFICATION, CO RECOGNIZED DEPRECIATION AND AMORTIZATION EXPENSES OF $12 MILLION AND REDUCTION OF $65 MILLION IN CARRYING VALUE FOR SKAVA.ADDITIONAL DEPRECIATION AND AMORTIZATION EXPENSES, REDUCTION OF CARRYING VALUE FOR SKAVA LED TO BASIC EPS DECREASING BY $0.02 FOR THE QUARTER.CO PLANS TO REPURPOSE SKAVA’S MICRO SERVICES BASED BUSINESS AND REFOCUS PANAYA’S SUITE OF PRODUCTS.  Full Article

Infosys Raises FY 19 Revenue Guidance
Friday, 11 Jan 2019 05:58am EST 

Jan 11 (Reuters) - Infosys Ltd ::FY 19 REVENUE GUIDANCE IN CONSTANT CURRENCY REVISED UPWARD TO 8.5%-9.0%.FY 19 OPERATING MARGIN GUIDANCE RETAINED AT 22%-24%.GROSS ADDITION OF 101 CLIENTS IN DEC QUARTER VERSUS 79 ADDITIONS LAST YEAR.DEC QUARTER ANNUALIZED STANDALONE EMPLOYEE ATTRITION AT 17.8 PERCENT VERSUS 15.8 PERCENT LAST YEAR.DEC QUARTER ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 19.9 PERCENT VERSUS 18.7 PERCENT LAST YEAR.LAST QUARTER, CO HAD RETAINED FY 19 REVENUE GUIDANCE IN CONSTANT CURRENCY AT 6-8 PERCENT.NET EMPLOYEE ADDITION WAS 7,762 IN DEC QUARTER VERSUS ADDITION OF 3,251 EMPLOYEES LAST YEAR.APPROVED PROPOSAL TO BUYBACK SHARES WORTH UP TO 82.60 BILLION RUPEES.  Full Article

Infosys Dec Qtr Consol Profit Down 29.6 Pct
Friday, 11 Jan 2019 05:56am EST 

Jan 11 (Reuters) - Infosys Ltd ::INFOSYS LTD DEC QTR PAT 36.10 BLN RUPEES .DEC QUARTER CONSOL REVENUE FROM OPERATIONS 214 BILLION RUPEES VERSUS 177.94 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER CONSOL PROFIT WAS 41.31 BILLION RUPEES.DEC QUARTER CONSOL PROFIT LAST YEAR WAS 51.29 BILLION RUPEES.SAYS DECLARED A SPECIAL DIVIDEND OF 4 RUPEES PER EQUITY SHARE.REAPPOINTMENT OF KIRAN MAZUMDAR–SHAW AS THE LEAD INDEPENDENT DIRECTOR FOR SECOND TERM.DEC QTR CONSOL PROFIT ATTRIBUTABLE TO OWNERS 36.09 BLN RUPEES .THE PAT ALERT WAS FIRST SOURCED FROM TV AND LATER CONFIRMED FROM A PRESS RELEASE ON THE BSE.  Full Article

Infosys Completes Formation Of JV With Temasek
Friday, 16 Nov 2018 08:05am EST 

Nov 16 (Reuters) - Infosys Ltd ::SAYS INFOSYS COMPLETES FORMATION OF JV WITH TEMASEK.  Full Article

Infosys Appoints Jayesh Sanghrajka As Interim CFO
Thursday, 15 Nov 2018 08:21am EST 

Nov 15 (Reuters) - Infosys Ltd ::SAYS INFOSYS ANNOUNCES JAYESH SANGHRAJKA AS INTERIM CFO.SAYS CURRENT CFO, M.D. RANGANATH WILL STEP DOWN ON NOVEMBER 16, 2018.SAYS BOARD IS IN THE PROCESS OF SELECTING THE NEXT CFO.  Full Article

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

Indian shares end higher; Infosys, Reliance Ind lead

Jan 15 Indian shares ended higher on Tuesday, with the benchmark BSE index marking its best closing level in nearly a month, after retail inflation rate fell to an 18-month low, raising optimism that the central bank could ease monetary policy next month.