January 9, 2018 / 12:16 PM / 5 months ago

BRIEF-Infosys Signs Advance Pricing Agreement With U.S. Internal Revenue Service

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 Source text - bit.ly/2EoCtBw Further company coverage:

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