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India

Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

918.95INR
28 Apr 2017
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Rs-6.30 (-0.68%)
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Rs925.25
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Latest Key Developments (Source: Significant Developments)

Infosys Ltd gross client additions 71 in March-qtr
Thursday, 13 Apr 2017 

Infosys Ltd : March quarter annualized standalone employee attrition at 13.5 percent versus 12.6 percent year ago . March quarter annualized consolidated employee attrition at 17.1 percent versus 17.3 percent year ago . Says gross client additions of 71 in March quarter . Says "unanticipated execution challenges and distractions in a seasonally soft quarter affected our overall performance" . Says "utilization during Q4 reached 82% which is the highest in Q4 over the past several years" .Continued to see many positive signs of strategy execution; software-led offerings continued to show strong momentum and client success.  Full Article

Infosys March-qtr consol profit up 0.2 pct
Thursday, 13 Apr 2017 

Infosys Ltd : March quarter profit 35.62 billion rupees . Recommended a final dividend of INR 14.75 per equity share for the financial year ended March 31, 2017 . Says appointed Ravi Venkatesan, independent director as the co-chairman of the board . Says board reviewed and approved a revised capital allocation policy of the company . Says board has identified an amount of up to 130 billion rupees to be paid out to shareholders during financial year 2018 . Effective from FY 2018, co expects to payout up to 70% of free cash flow of corresponding fy in such manner as may be decided by board . March quarter consol profit 36.03 billion rupees . March quarter consol revenue from operations 171.20 billion rupees . Consensus forecast for March quarter consol profit was 35.67 billion rupees . Consol profit in March quarter last year was 35.97 billion rupees as per IND-AS; consol revenues from operations was 165.50 billion rupees . Says FY 18 revenue guidance at 6.5%-8.5% in constant currency. FY 18 operating margin guidance at 23%-25% . FY 18 operating margin guidance at 23%-25% .Says net employee addition 601 in March quarter.  Full Article

India's Infosys CEO says continue to look for acquisitions
Tuesday, 14 Feb 2017 

India's Infosys : CEO says continue to look for acquisition candidates that fit our profile . CEO says not looking for multi-billion dollar type acquisitions . CEO says there is no impact from customer point of view Further company coverage: [INFY.NS] (Mumbai newsroom) ((devidutta.tripathy@thomsonreuters.com)).  Full Article

Infosys CEO Sikka: relationship with founders is "wonderful"
Monday, 13 Feb 2017 

India's Infosys CEO Vishal Sikka says: One area of disappointment has been consulting business and an area the company is squarely focused on . Company seeing good momentum in the Panaya, Skava & Noah businesses it has acquired . Huge number of jobs in IT services sector will be lost to automation in coming years . Relationship with the founders is "wonderful" . Meets with N. Murthy five to six times a year . "Drama" going on in the media is "distracting" . On buybacks: board from time to time will consider capital allocation policies . Will look at business needs and acquisition needs and decide on buybacks accordingly Further company coverage: [INFY.NS] (Reporting By Euan Rocha) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys says aligned with strategic direction of Vishal Sikka
Thursday, 9 Feb 2017 

Infosys Ltd : Denies any governance lapses alleged by some sections of media in reports that have appeared in last few days . Board is fully aligned with the strategic direction of Vishal Sikka Further company coverage: [INFY.NS] ((bangalore.newsroom@thomsonreuters.com ;)).  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

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Infosys in process of adding two new members to board - report

Infosys Ltd, India's second biggest software services exporter, is in the process of expanding its board of directors by inducting two more members, CNBC TV18 reported on Monday.