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India

Infosys Ltd (INFY.NS)

INFY.NS on National Stock Exchange of India

943.25INR
23 Jun 2017
Change (% chg)

Rs3.10 (+0.33%)
Prev Close
Rs940.15
Open
Rs945.00
Day's High
Rs949.15
Day's Low
Rs938.00
Volume
3,201,509
Avg. Vol
3,360,843
52-wk High
Rs1,214.85
52-wk Low
Rs901.00

Latest Key Developments (Source: Significant Developments)

Infosys says stake sale report already denied by promoters
Friday, 9 Jun 2017 

June 9 (Reuters) - Infosys Ltd :Issues statement on reports in the media speculating on plans of stake sale by the promoters.Says speculation has already been categorically denied by the promoters.Reiterates that it has no information on any such development.  Full Article

Infosys announces strategic alliance with HP Inc
Thursday, 25 May 2017 

May 25 (Reuters) - Infosys Ltd ::Says infosys announces strategic alliance with HP Inc to accelerate digital transformation for enterprise.  Full Article

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

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India's Infosys says internal investigation found no evidence of wrongdoing

MUMBAI An internal investigation by India's Infosys into alleged improprieties related to two acquisitions by the IT services company found no evidence of wrongdoing, it said on Friday.