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India

Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

958.40INR
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Rs3.00 (+0.31%)
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Rs1,279.30
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Latest Key Developments (Source: Significant Developments)

Infosys Dec-qtr consol profit up about 7 pct
Friday, 13 Jan 2017 

Infosys Ltd : Dec-quarter consol PAT 37.08 billion rupees . Dec-quarter consol revenue 172.73 billion rupees . Revises FY17 sales growth upwards to at 8.4-8.8 pct in constant currency . Consol net profit in Dec qtr last year was 34.65 bln rupees as per Ind-AS; consol revenue from ops was 159.02 bln rupees . Consensus forecast for Dec quarter consol net profit was 35.44 billion rupees .The first three alerts were sourced from TV and were later confirmed from a press release on the National Stock Exchange.  Full Article

Infosys says Blackrock Inc raises stake in co by 0.11 pct to 5 pct
Friday, 2 Dec 2016 

Infosys Ltd :Says Blackrock Inc raises stake in co by 0.11 percent to 5 percent on Nov 16.  Full Article

Infosys invests in artificial intelligence startup UNSILO
Friday, 18 Nov 2016 

Infosys Ltd : Infosys invests in UNSILO . Made an investment of DKK 14,920,000 from its innovation fund in UNSILO .Says investment will be completed upon receipt of regulatory approval.  Full Article

Infosys invests in software-defined servers provider TidalScale
Friday, 11 Nov 2016 

Infosys Ltd : Says Infosys invests in TidalScale .Investment will be completed on or before November 24, 2016.  Full Article

Infosys Sept-qtr net employee addition was 2,779
Friday, 14 Oct 2016 

Infosys Ltd : Infosys Ltd - net employee addition was 2,779 in Sept-quarter . Infosys Ltd - Sept quarter annualized standalone employee attrition at 15.7 percent versus 14.1 percent year ago . Infosys Ltd - Sept quarter annualized consolidated employee attrition at 20 percent versus 19.9 percent year ago . Infosys Ltd - "operating cash flows for the quarter were healthy and we effectively navigated a volatile currency environment through prudent hedging" .Infosys Ltd says Q2 utilization excluding trainees up by 200 BPS sequentially to 82.5%.  Full Article

Infosys revises FY 17 revenue guidance to 8-9 pct in constant currency
Friday, 14 Oct 2016 

Infosys : Infosys ltd says FY 17 revenue guidance revised to 8.0% - 9.0% in constant currency . Gross client additions of 78 in Sept-quarter . "Considering our performance in first half of the year and the near-term uncertain business outlook, we are revising our revenue guidance" .Shares fall over 5 percent after company lowers revenue guidance.  Full Article

India's Infosys Sept-qtr consol profit up about 6 pct
Friday, 14 Oct 2016 

Infosys Ltd : Sept quarter consol profit 36.06 billion rupees . Sept quarter consol revenue from operations 173.10 billion rupees . Consensus forecast for sept quarter consol net profit was 35.26 billion rupees . Consol profit in Sept quarter last year was 33.98 billion rupees as per Ind-AS; consol revenue from operations was 156.35 billion rupees . Says declares interim dividend of 11 rupees per share .Says appointed D.N. Prahlad as independent director.  Full Article

Infosys enters JV with Saudi Prerogative Company
Friday, 2 Sep 2016 

Infosys Ltd : Entered in to a joint venture agreement with Saudi Prerogative Company ( SPC ), in the kingdom of Saudi Arabia to conduct IT services .  Full Article

India's Infosys's exec says cloud based services will have a positive impact
Friday, 15 Jul 2016 

Infosys Ltd : Exec says cloud based services will have a positive impact Further company coverage: [INFY.NS] (Reporting By Anya George Tharakan and Tanvi Mehta) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys says had unanticipated headwinds in discretionary spending in consulting services, package implementations
Friday, 15 Jul 2016 

Infosys Ltd : Had unanticipated headwinds in discretionary spending in consulting services, package implementations as well as slower project ramp-UPS in large deals . Automation continues to be a core lever in the renewal of traditional service offerings . "Our focus on optimizing cost efficiency levers helped US during the quarter and our cash generation was strong" . Continued to see strong momentum in large deal wins in Q1 . Says client additions and top client growth was strong during the quarter . Continued to see growth in delivery services in Q1 due to renewal on the basis of zero distance, design thinking and automation .  Full Article