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Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

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

Infosys Retains FY 18 Rev Guidance In Constant Currency At 5.5-6.5 Pct
Friday, 12 Jan 2018 05:23am EST 

Jan 12 (Reuters) - Infosys Ltd ::FY 18 REVENUE GUIDANCE IN CONSTANT CURRENCY RETAINED AT 5.5 PERCENT-6.5 PERCENT.FY 18 OPERATING MARGIN RANGE UNCHANGED AT 23 PERCENT-25 PERCENT.NET EMPLOYEE ADDITION 3,251 IN DEC QUARTER.COMMITTEE OF DIRECTORS STANDS DISSOLVED W.E.F JAN 12.  Full Article

Infosys Signs Advance Pricing Agreement With U.S. Internal Revenue Service
Tuesday, 9 Jan 2018 07:13am EST 

Jan 9 (Reuters) - Infosys Ltd ::SAYS SIGNING OF ADVANCE PRICING AGREEMENT WITH U.S. INTERNAL REVENUE SERVICE.SAYS CO EXPECTS TO REVERSE TAX PROVISIONS OF ABOUT $225 MILLION MADE IN PREVIOUS PERIODS.SAYS CO EXPECTS TO PAYOUT ABOUT $233 MILLION TO BE PAID OVER NEXT FEW QTRS.SAYS REVERSAL OF TAX PROVISIONS TO HAVE POSITIVE IMPACT ON CONSOLIDATED BASIC EPS FOR DEC QUARTER BY ABOUT $0.10.  Full Article

India's Infosys shares rise 2.7 pct on appointment of new CEO
Sunday, 3 Dec 2017 10:50pm EST 

Dec 4 (Reuters) - India's Infosys ::Shares trading 2.7 percent higher after company appoints Salil Parekh as new CEO.For a detailed story on the new CEO appointment, see: nL3N1O3086 and nL3N1O3060.  Full Article

Infosys founder Murthy says questions on "poor governance" remain unanswered
Tuesday, 24 Oct 2017 12:06pm EDT 

Oct 24 (Reuters) - Infosys Ltd :Infosys founder N. Murthy: stand by every question on poor governance raised in my speech to Infosys investors.Murthy says fact remains that none of these questions have been answered by the Infosys board with the transparency it deserves.Murthy says core question still is how and why Infosys board approved unusual, unprecedented severance payment agreement for former CFO.  Full Article

Infosys reaffirms previous findings of external probe into Panaya acquisition
Tuesday, 24 Oct 2017 06:34am EDT 

Oct 24 (Reuters) - Infosys Ltd :Gross client additions of 72 in Sept quarter.Says Sept quarter annualized standalone employee attrition at 17.2 percent ‍​.Says process of identifying the next CEO and shareholder consultation outreach have been initiated and are progressing well‍​.Says co appointed D. Sundaram as chairperson of audit committee with effect from Oct 24‍​.Says Sept quarter annualized consolidated employee attrition at 21.4 pct‍​.Says board reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing‍​.Says co "now globally benchmarked its severance pay and revised its senior management employment contracts"‍​.Company has identified opportunities for improvements in processes and practices, which have been implemented.Says going forward, it is co's "endeavour to build a trusting relationship with Mr. Murthy"‍​.Concluded that publishing additional details of probe would inhibit co's ability to conduct effective probe into any matter in future.  Full Article

India's Infosys Sept-qtr consol profit up about 3 pct
Tuesday, 24 Oct 2017 06:21am EDT 

Oct 24 (Reuters) - Infosys Ltd ::Sept quarter consol profit 37.26 billion rupees versus profit of 36.06 billion rupees last year.Consensus forecast for Sept quarter consol profit was 35.23 billion rupees.Sept quarter consol revenue from operations 175.67 billion rupees versus 173.10 billion rupees last year.Declared dividend of 13 rupees per share.FY 18 revenue guidance at 5.5 percent-6.5 percent in constant currency; operating margin guidance unchanged at 23 percent-25 percent.Last quarter co had forecasted FY 18 revenue guidance at 6.5 -8.5 percent in constant currency.  Full Article

Infosys Senior VP Sanjay Rajagopalan resigned on Sept. 13
Tuesday, 19 Sep 2017 01:40am EDT 

Sept 19 (Reuters) - Infosys Ltd ::Says Sanjay Rajagopalan's (senior vice president, head - design & research) last date of employment with Infosys was Sept 13, 2017​.  Full Article

BRIEF-Infosys Appointed As Official Technology Partner By A.S. Watson Group

* SAYS APPOINTED AS OFFICIAL TECHNOLOGY PARTNER BY A.S. WATSON GROUP Source text - http://bit.ly/2G0c52l Further company coverage: