Edition:
India

Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

989.35INR
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

India's Infosys exec: continue to see core IT services doing extremely well
Friday, 14 Oct 2016 

India's Infosys Exec says : Continue to see core IT services doing extremely well . Financial services despite challenges have seen good growth . Expanded margins by 80 bps in Q2 . Automation fundamental part of our work going forward . Expect BFSI to be muted over the next few quarters . Clients continue to spend on digital . Seeing lot more traction on product side of our business . We expect retail to be bit choppy over next few quarters . Our operating margin expectation is 24-26 percent for FY17 . Will continue to focus on ability to sell new products . Will continue to see good ramp up in healthcare sector in Q3 as well . We are in a very healthy operating cash flow situation in this quarter Further company coverage: [INFY.NS] (Reporting By Sankalp Phartiyal) ((swati.bhat@thomsonreuters.com;)).  Full Article

Infosys expands engineering services footprint to support Ansaldo Energia
Wednesday, 14 Sep 2016 

Infosys Ltd : Expands engineering services footprint to support Ansaldo Energia . Co will expand global service delivery network into eastern Europe and Russia's heavy engineering sector by creating 2 development centers .  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

India's Infosys revises FY 17 revenue guidance to 10.5-12.0 pct in constant currency
Friday, 15 Jul 2016 

Infosys Ltd : FY 17 revenue guidance revised to 10.5%-12.0% in constant currency . Says net employee addition of 3,006 in June-quarter . Says gross client additions of 95 in June-quarter . Says June-quarter employee attrition (annualized standalone) at 15.8 percent versus 14.2 percent year ago . Says June-quarter employee attrition (annualized consolidated) at 21 percent versus 19.2 percent year ago .  Full Article

Infosys Ltd announces investment of $3 mln in WHOOP
Monday, 14 Dec 2015 

Infosys Ltd:Says that it has made an investment of $3 mln in WHOOP, an early stage company offering a performance optimization system for elite professional sports teams.Says investment will be completed by Dec. 16, 2015.  Full Article

Infosys Ltd to acquire Noah Consulting for $70 million
Monday, 19 Oct 2015 

Infosys Ltd:Considered and approved to acquire 100 percent stake in Noah Consulting LLC, head quartered in Houston, Texas (USA), a provider advanced information management consulting services for the oil and gas industry.Further informed that none of the promoter or promoter group or group companies have any interest in Noah Consulting LLC and this acquisition does not fall under the related party transaction.  Full Article

Infosys Ltd announces dividend payment date
Monday, 12 Oct 2015 

Infosys Ltd:Says that payment of dividend will be made on Oct. 21.  Full Article

Infosys Ltd reaffirms FY 2016 revenue guidance in constant currency terms
Monday, 12 Oct 2015 

Infosys Ltd:Expects FY 2016, revenues, under IFRS, to grow 10 -12 pct. in constant currency.Expects FY 2016 revenues to grow 13.1 - 15.1 pct. in INR terms.Reported revenues of $8.71 bln in FY 2015.  Full Article

MEDIA-India's Infosys looks to take payments bank solution global - Business Standard

- Note: Reuters has not verified this story and does not vouch for its accuracy