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Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

1,178.25INR
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

India's Infosys Exec: US Tax Reforms Should Translate To Client Spending
Friday, 13 Apr 2018 

April 13 (Reuters) - :INFOSYS LTD <<>> EXEC SAYS US TAX REFORMS SHOULD TRANSLATE TO CLIENT SPENDING.INFOSYS LTD EXEC SAYS CAPITAL ALLOCATION POLICY IN NO WAY DILUTES CO'S ABILITY TO DO ACQUISITIONS.  Full Article

India's Infosys March-Qtr Consol Profit Up 2.4 Pct
Friday, 13 Apr 2018 

April 13 (Reuters) - Infosys Ltd ::MARCH QUARTER CONSOL PROFIT 36.90 BILLION RUPEES - TV.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 37.09 BILLION RUPEES.MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 180.83 BILLION RUPEES VERSUS 171.20 BILLION RUPEES LAST YEAR.The consolidated profit alert was sourced from TV and later confirmed from a press release issued by the company .  Full Article

Infosys Sees FY19 Revenue Guidance In Constant Currency At 6 Pct-8 Pct
Friday, 13 Apr 2018 

April 13 (Reuters) - Infosys Ltd ::SEES FY 19 REVENUE GUIDANCE IN CONSTANT CURRENCY AT 6 PERCENT-8 PERCENT.MARCH QUARTER ANNUALIZED STANDALONE EMPLOYEE ATTRITION AT 16.6 PERCENT VERSUS 13.5 PERCENT.SEES FY 19 OPERATING MARGIN RANGE AT 22 PERCENT- 24 PERCENT.MARCH QUARTER ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 19.5 PERCENT VERSUS 17.1 PERCENT.REVENUE PRODUCTIVITY PER EMPLOYEE WAS STABLE DURING THE YEAR AS THE BENEFITS OF AUTOMATION AND NEWER SERVICES KICKED IN.NET EMPLOYEE ADDITION OF 2,416 IN MARCH QUARTER.SAYS "WE WILL BE ROLLING OUT COMPENSATION INCREASES FOR A LARGE PART OF OUR WORKFORCE EFFECTIVE APRIL 1".GROSS CLIENT ADDITIONS OF 73 IN MARCH QUARTER.APPROVED CAPITAL ALLOCATION POLICY AFTER TAKING INTO CONSIDERATION STRATEGIC, OPERATIONAL CASH REQUIREMENTS OF COMPANY IN MEDIUM TERM.BOARD HAS DECIDED TO RETAIN CURRENT POLICY OF RETURNING UPTO 70 PCT OF THE FREE CASH FLOW OF THE CORRESPONDING FINANCIAL YEAR.IDENTIFIED AMOUNT OF UP TO ABOUT 104 BILLION RUPEES TO BE PAID OUT TO SHAREHOLDERS FOR FINANCIAL YEAR 2019.IMPAIRMENT LOSS OF 1.18 BILLION RUPEES IN RESPECT OF PANAYA HAS BEEN RECOGNIZED IN CONSOL PROFIT AND LOSS FOR QUARTER, YEAR ENDED MARCH 31 2018.CO INITIATED IDENTIFICATION, EVALUATION OF POTENTIAL BUYERS FOR UNITS KALLIDUS AND SKAVA AND PANAYA.ANTICIPATES COMPLETION OF SALE OF KALLIDUS, SKAVA, PANAYA BY MARCH 2019.ASSETS AMOUNTING TO 20.60 BILLION RUPEES, LIABILITIES OF INR 3.24 BILLION IN RESPECT OF DISPOSAL GROUP RECLASSIFIED, PRESENTED AS "HELD FOR SALE".  Full Article

India's Infosys Recommended Special Dividend Of 10 Rupees Per Shr
Friday, 13 Apr 2018 

April 13 (Reuters) - Infosys Ltd ::RECOMMENDED FINAL DIVIDEND OF 20.50 RUPEES PER SHARE FOR FY ENDED MARCH 31, 2018.RECOMMENDED SPECIAL DIVIDEND OF 10 RUPEES PER EQUITY SHARE.APPROVED AGREEMENT TO ACQUIRE WONGDOODY HOLDING CO FOR TOTAL CONSIDERATION OF UP TO $75 MILLION.APPROVED TO DISSOLVE THE FINANCE AND INVESTMENT COMMITTEE EFFECTIVE APRIL 13, 2018.APPOINTS KIRAN MAZUMDAR SHAW AS LEAD INDEPENDENT DIRECTOR OF BOARD.  Full Article

Infosys Appointed As Official Technology Partner By A.S. Watson Group
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Infosys Ltd ::SAYS APPOINTED AS OFFICIAL TECHNOLOGY PARTNER BY A.S. WATSON GROUP.  Full Article

Infosys COO Pravin Rao Says Co Remains Confident On Banking, Insurance Segments
Friday, 12 Jan 2018 

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 

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 

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 

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 

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