Infosys Ltd (INFY)

Infosys Reports Strong Q1FY25 Results and Invests in German VC Fund - 24 Jul, 2024

Infosys Ltd's Q1FY25 results show revenue growth of 3.6% YoY and PAT up by 7.2% YoY. The company also invested €5 million in German VC fund UVC Partners.

Infosys Invests in Venture Capital Fund for AI Solutions - 23 Jul, 2024

Infosys invests €5 million in Germany-based venture capital fund UVC Partners to complement its capabilities and co-create next-generation solutions leveraging AI and Deep Tech. The investment is in line with Infosys' strategy to increase usage of AI and Deep Tech across its clients.

Mixed Outlook for Infosys Amidst Slowdown in IT Hiring - 22 Jul, 2024

The Economic Survey reports that hiring in the Indian IT sector has slowed down significantly over the past two years. Despite this, Infosys delivered better-than-expected Q1 results, hinting at a revival in demand. However, there is concern about slower-than-expected recovery in discretionary spends and a depreciation of the rupee against major currencies hampering growth.

Infosys Reports Nearly 4% Sequential Revenue Growth - 21 Jul, 2024

Infosys outpaced its rivals with nearly 4% sequential revenue growth, driven by a rebound in the BFSI vertical. Despite net profit falling by 20%, Infosys increased its revenue growth guidance for FY25 to 3-4%. The company plans to hire up to 20,000 freshers.

Infosys Reports Rise in Net Profit and Revenue Growth Outlook - 20 Jul, 2024

Infosys reported a 7% rise in consolidated net profit at Rs 6,368 crore in Q1FY25 and raised its growth outlook for FY25. However, there are concerns about declining profit margins and slower growth in the IT sector that could impact the recent rally in IT stocks.

Infosys Beats Estimates, Raises Revenue Growth Forecast - 19 Jul, 2024

Infosys reported better-than-expected Q1 earnings, raised its FY25 revenue growth forecast to 3%-4%, and saw shares surge nearly 5%. Brokerages including Nomura, Jefferies, Bernstein, JP Morgan, Goldman Sachs, and Citi have all raised their target prices for the stock.

Infosys Raises Revenue Guidance for FY25 - 18 Jul, 2024

Infosys reported a 7% YoY rise in Q1 net profit and raised its FY25 revenue growth guidance to 3-4%. The company also achieved its highest-ever free cash flow generation in a quarter at $1,094 million. Infosys anticipates a stronger H1FY25 performance driven by financial services recovery, large deal wins, and strategic initiatives under Project Maximus.

Infosys Expected to Report Strong Revenue Growth in Q1 FY25 Results - 17 Jul, 2024

Analysts predict that Infosys will see a rebound in sequential revenue growth for Q1 FY25 due to large deals won during FY24. The company is expected to report a 2.5% increase in revenue quarter-on-quarter and a 6% year-on-year increase in net profit for the April-June 2024 period.

Infosys Expected to Report Strong Q1FY25 Results - 16 Jul, 2024

Infosys is set to release its Q1FY25 earnings on July 18th. Analysts are predicting strong sequential revenue growth and margin expansion, driven by large deals and cost optimization. Brokerages expect YoY revenue growth of 2-3% and net profit up 4-10%. The stock has hit a 52-week high ahead of the earnings release.

Infosys Predicted to Lead Growth Among Tier-I IT Companies - 15 Jul, 2024

Infosys is predicted to lead growth among tier-I IT companies in the June quarter due to strategic deal wins and operational efficiencies. However, chartered accountants are facing technical glitches on the income tax portal developed by Infosys, causing delays for taxpayers.

Infosys Expected to Post Sequential Revenue Growth of 2.5% - 13 Jul, 2024

Infosys is expected to post a sequential revenue growth of 2.5% in Q1 FY25, led by ramp-up of mega deals and reducing intensity of discretionary project cuts. The company is also expected to retain its revenue growth guidance at 1-3% and EBIT margin guidance band of 20-22%. Infosys is expected to focus on translating revenues from large deals signed in earlier quarters into revenues.

Infosys Wins Contract for Legacy System Upgrade - 12 Jul, 2024

Infosys has secured a contract from the Delaware Department of Labor to upgrade its legacy systems, according to an exchange filing.

Infosys Wins Contracts for Revamping State Programs - 11 Jul, 2024

Infosys Public Services has won a contract from the Delaware Department of Labor to revitalize the state's unemployment insurance tax, benefits, and appeals programs. Additionally, Infosys has announced a five-year strategic collaboration with Sector Alarm to migrate their core enterprise business systems to the cloud.

Infosys Collaborates with Sector Alarm, Shares Decline Ahead of Q1 Results - 10 Jul, 2024

Infosys announces a five-year collaboration with Sector Alarm to migrate its ERP platform onto Microsoft Dynamics 365 F&O. Infosys' consolidated net profit jumps 30.51% to Rs 7,969 crore in Q4 FY24 while revenue from operations declines 2.31%. Infosys shares decline 0.7% ahead of Q1 results announcement on July 18.

Infosys Collaborates with Sector Alarm for Cloud Transformation - 09 Jul, 2024

Infosys has announced a five-year strategic collaboration with Sector Alarm to migrate their ERP platform onto Microsoft Dynamics 365 F&O, modernizing financial and business operating models. The phased implementation across eight European countries is expected to improve customer and employee experience.

Infosys Faces Leadership Change as Executive Resigns - 08 Jul, 2024

Infosys faces a notable change in its leadership structure as Hemant Lamba, Executive VP and Global Head of Strategic Sales, resigns. Despite reductions in earnings estimates earlier this year, Infosys is expected to see a rebound in revenue growth in Q1 FY25 due to ramp-up of previously secured deals. The company is also expected to maintain its growth guidance of 1-3% in constant currency for FY25.

Mixed Expectations for Infosys' Q1FY25 Results - 07 Jul, 2024

Market watchers expect mixed margin performance in Infosys' Q1FY25 results announcement on July 14. Meanwhile, job applications have fallen to pre-COVID levels.

Infosys Trains 270,000 Employees on AI Technologies - 06 Jul, 2024

Infosys has developed over 50 custom programmes for generative AI and trained around 270,000 employees on AI technologies through its learning platform, Lex.

Infosys Stock Rises as Senior Executive Resigns - 05 Jul, 2024

Infosys Ltd's stock has risen for five consecutive sessions, gaining 12.77% in the last month. However, Hemant Lamba, Executive VP and Global Head of Strategic Sales, resigned from the company.

Infosys Sees Mixed Results Amidst Green Initiatives and AI Concerns - 04 Jul, 2024

Infosys sees mixed results as it reports a decline in revenue, but leads in early morning trade and continues to prioritize sustainability initiatives. JPMorgan revises stance on IT stocks, including Infosys. Chairman Nandan Nilekani dismisses concerns about AI causing headcount reduction.