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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 Says Infosys Foundation Signs MoU With Bangalore Metro
Thursday, 19 Jul 2018 

July 19 (Reuters) - Infosys Ltd ::INFOSYS FOUNDATION SIGNS MOU WITH BANGALORE METRO TO BUILD & MAINTAIN ELECTRONICS CITY METRO STATION.  Full Article

India's Infosys Exec Says BFSI Has Been Soft For Co This Qtr
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd COO Pravin Rao at a press conference::EXEC SAYS BFSI HAS BEEN SOFT THIS QUARTER; EXPECT MOMENTUM TO PICK UP IN COMING QTRS.  Full Article

India's Infosys Exec Says Demand Environment Strong In UK
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::EXEC SAYS FINANCIAL SERVICES SEEING A VERY STRONG DEMAND TODAY.EXEC SAYS OPERATING MARGIN NUMBERS REFLECTION OF BOTH INVESTMENTS AND OPERATIONAL EFFICIENCIES.EXEC SAYS SHOULD BE ABLE TO BRING DOWN ATTRITION TO MANAGEABLE LEVELS IN NEXT TWO TO THREE QUARTERS.EXEC SAYS DEMAND ENVIRONMENT STRONG IN UK.  Full Article

India's Infosys June-Qtr Consol Profit Up 4 Pct
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::QTRLY CONSOL PROFIT 36.12 BILLION RUPEES .JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 191.28 BILLION RUPEES VERSUS 170.78 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL PROFIT WAS 37.40 BILLION RUPEES.APPROVES BONUS ISSUE OF SHARES IN RATIO 1:1.APPROVES BONUS ISSUE OF ADS IN RATIO 1:1.GROSS CLIENT ADDITIONS OF 70 IN JUNE QUARTER.NET EMPLOYEE ADDITION WAS 5,798 IN JUNE QUARTER.JUNE QUARTER ANNUALIZED STANDALONE EMPLOYEE ATTRITION AT 20.6 PERCENT.JUNE QUARTER ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 23 PERCENT.THE CONSOLIDATED PROFIT ALERT WAS SOURCED FROM TV AND LATER CONFIRMED FROM A PRESS RELEASE ISSUED BY THE COMPANY.  Full Article

Infosys Says FY19 Revenue Guidance In Constant Currency Retained At 6-8 Pct
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::FY 19 REVENUE GUIDANCE IN CONSTANT CURRENCY RETAINED AT 6-8 PERCENT.FY19 OPERATING MARGIN GUIDANCE RETAINED AT 22-24 PERCENT.SAYS BOARD APPOINTED MICHAEL GIBBS AS AN INDEPENDENT DIRECTOR OF THE COMPANY EFFECTIVE JULY 13, 2018 FOR A PERIOD OF THREE YEARS.COMPANY IN JUNE QUARTER HAS RECORDED A REDUCTION IN THE FAIR VALUE OF DISPOSAL GROUP HELD FOR SALE AMOUNTING TO $39 MILLION IN RESPECT OF PANAYA.  Full Article

Infosys Says Speculation About Not Filing Form 20F On Time & Ongoing SEC Probe Is Incorrect
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Infosys Ltd ::CLARIFIES ON NEWS ITEM ABOUT A WHISTLEBLOWER COMPLAINT ALLEGING DELAY IN FILING OF FORM 20F BY CO.SPECULATION THAT FORM 20F IS NOT FILED IN TIME OR THERE IS AN ONGOING SEC INVESTIGATION IS BASELESS AND INCORRECT.CO WILL FILE FORM 20F WITHIN STIPULATED TIME AND HAS SUFFICIENT TIME TO DO SO.  Full Article

Infosys To Expand Footprint In France By Establishing Digital Center Of Excellence
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Infosys Ltd ::TO EXPAND FOOTPRINT IN FRANCE BY ESTABLISHING DIGITAL CENTER OF EXCELLENCE IN MARSEILLE.SAYS CENTER TO HAVE INITIAL CAPACITY OF 60 EMPLOYEES.  Full Article

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

Indian shares snap two days of losses on financials, IT; Turkey woes cap gains

Aug 14 Indian shares rose on Tuesday, in line with broader Asian peers, helped by financial and technology stocks as trade anxiety stemming from a plunge in the Turkish lira showed signs of easing.