Key Developments: Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Infosys Ltd gives FY 2016 outlook above analysts' estimates
Friday, 24 Apr 2015 

Infosys Ltd:Expects FY 2016 revenues to grow 10 -12 pct in constant currency terms.FY 2016 revenues to grow 8.4 -10.4 pct in INR terms.FY 2016 revenues to grow 6.2 -8.2 pct in USD terms.Reported revenue of $8.71 bln in FY 2015.FY 2016 revenue of $9.52 bln - Thomson Reuters I/B/E/S.  Full Article

Infosys Ltd to acquire Kallidus Inc; to acquire minority share in Airviz; approves transfer of Finacle and EdgeServices to subsidiary
Friday, 24 Apr 2015 

Infosys Ltd:Approved the definitive agreement to acquire Kallidus Inc (d.b.a Skava) and its affiliate, for a consideration of $120 Million including a deferred component and retention bonus.Approved the definitive agreement for an early-stage investment of $2 Million in Airviz, to acquire a minority share.Also approved the Transfer of the business of Finacle and EdgeServices to the company’s subsidiary- EdgeVerve Systems Ltd.Also approved the Transfer of the business of Finacle and EdgeServices to the company’s subsidiary- EdgeVerve Systems Ltd.  Full Article

Infosys Ltd recommends final dividend
Friday, 24 Apr 2015 

Infosys Ltd:Recommended a final dividend of 29.50 Indian Rupees per equity share (equivalent to 14.75 Indian Rupees per share after 1:1 bonus issue) for FY 2015.  Full Article

Infosys Ltd recommends bonus issue
Friday, 24 Apr 2015 

Infosys Ltd:Approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held.Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged.  Full Article

LIC buys Infosys Ltd shares-Business Standard
Monday, 20 Apr 2015 

Infosys Ltd:LIC has shored up its stake in Infosys to 4.81 pct, purchasing shares worth over 3.00 bln Indian Rupees in the Jan.-March quarter-Business Standard.  Full Article

Tricentis Partnering With Infosys Ltd
Wednesday, 11 Mar 2015 

Infosys Ltd:Says Tricentis, a enterprise software testing solutions that accelerate business innovation, announced a partnership with Infosys to optimize quality assurance (QA) strategy and execution for enterprises worldwide.  Full Article

Infosys BPO opens new center in Puerto Rico in collaboration with the commonwealth administration and PRIDCO
Tuesday, 10 Mar 2015 

Infosys Ltd:Says that the commonwealth of puerto rico and the Puerto rico industrial development company joined the senior executives of Infosys BPO, the business precess outsourcing subsidiary of infosys, during the opening ceremony of its new center on the island.  Full Article

Infosys Ltd to Support Strategic IT Transformation at TNT
Monday, 2 Mar 2015 

Infosys Ltd:Announced that it has signed a five-year agreement with global express delivery company TNT, to help TNT simplify and transform its technology applications.  Full Article

ABN AMRO selects Infosys Ltd as strategic partners
Wednesday, 18 Feb 2015 

Infosys Ltd:Says a multi-year, multimillion dollar partnership with ABN AMRO, a retail and commercial bank, to provide IT services for the bank's operations.As part of this, the company, as one of the strategic partners of ABN AMRO, will deliver services across application development and maintenance, testing and product implementation.  Full Article

Infosys Ltd to acquire Panaya Inc
Monday, 16 Feb 2015 

Infosys Ltd:Announces a definitive agreement to fully acquire Panaya Inc for an enterprise value of $200 mln.Says that the transaction is expected to close before March. 31.  Full Article

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Infosys bets on new services to push sales to $20 bln by 2020

MUMBAI - Infosys Ltd , India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes.

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