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India

Infosys Ltd (INFY.BO)

INFY.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Infosys Says Infosys Public Services Inc Got C$80.3 Mln Contract By Public Services And Procurement Canada
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Infosys Ltd ::INFOSYS PUBLIC SERVICES INC AWARDED A C$80.3 MILLION CONTRACT BY PUBLIC SERVICES AND PROCUREMENT CANADA.  Full Article

Infosys To Open Technology And Innovation Hub In Arizona
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Infosys Ltd ::INFOSYS TO OPEN TECHNOLOGY AND INNOVATION HUB IN ARIZONA AND HIRE 1000 WORKERS BY 2023.  Full Article

Infosys Told To Pay Rajiv Bansal Outstanding Severance Of 121.7 Mln Rupees With Interest
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Infosys Ltd ::SAYS INFOSYS IS REQUIRED TO PAY RAJIV BANSAL THE OUTSTANDING SEVERANCE AMOUNT OF 121.7 MILLION RUPEES WITH INTEREST.CO'S COUNTER CLAIM FOR REFUND OF PREVIOUSLY PAID SEVERANCE OF 52 MILLION RUPEES AND DAMAGES IS REJECTED.  Full Article

Infosys And Temasek Announce Joint Venture In Singapore
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Infosys Ltd ::SAYS INFOSYS AND TEMASEK ANNOUNCE JOINT VENTURE IN SINGAPORE.SAYS CO TO BUY 60 PERCENT STAKE IN THE JOINT VENTURE AND TEMASEK WILL HOLD 40 PERCENT.NAMED SHVETA ARORA, VICE PRESIDENT, REGIONAL HEAD – SOUTH EAST ASIA, AS CHIEF EXECUTIVE OFFICER OF JV.JV TO INTEGRATE TEAMS FROM CO AND OPERATIONS OF TEMASEK’S UNIT IN SINGAPORE, TRUSTED SOURCE PTE LTD.  Full Article

Infosys Gets Shareholders' Nod For Issue Of Bonus Shares
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Infosys Ltd ::GETS SHAREHOLDERS' NOD FOR ISSUE OF BONUS SHARES.GETS SHAREHOLDERS' NOD FOR APPOINTMENT OF MICHAEL GIBBS AS AN INDEPENDENT DIRECTOR.  Full Article

Infosys Says Infosys Foundation Signs MoU With Bangalore Metro
Thursday, 19 Jul 2018 

July 19 (Reuters) - Infosys Ltd ::INFOSYS FOUNDATION SIGNS MOU WITH BANGALORE METRO TO BUILD & MAINTAIN ELECTRONICS CITY METRO STATION.  Full Article

India's Infosys Exec Says BFSI Has Been Soft For Co This Qtr
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd COO Pravin Rao at a press conference::EXEC SAYS BFSI HAS BEEN SOFT THIS QUARTER; EXPECT MOMENTUM TO PICK UP IN COMING QTRS.  Full Article

India's Infosys Exec Says Demand Environment Strong In UK
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::EXEC SAYS FINANCIAL SERVICES SEEING A VERY STRONG DEMAND TODAY.EXEC SAYS OPERATING MARGIN NUMBERS REFLECTION OF BOTH INVESTMENTS AND OPERATIONAL EFFICIENCIES.EXEC SAYS SHOULD BE ABLE TO BRING DOWN ATTRITION TO MANAGEABLE LEVELS IN NEXT TWO TO THREE QUARTERS.EXEC SAYS DEMAND ENVIRONMENT STRONG IN UK.  Full Article

India's Infosys June-Qtr Consol Profit Up 4 Pct
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::QTRLY CONSOL PROFIT 36.12 BILLION RUPEES .JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 191.28 BILLION RUPEES VERSUS 170.78 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL PROFIT WAS 37.40 BILLION RUPEES.APPROVES BONUS ISSUE OF SHARES IN RATIO 1:1.APPROVES BONUS ISSUE OF ADS IN RATIO 1:1.GROSS CLIENT ADDITIONS OF 70 IN JUNE QUARTER.NET EMPLOYEE ADDITION WAS 5,798 IN JUNE QUARTER.JUNE QUARTER ANNUALIZED STANDALONE EMPLOYEE ATTRITION AT 20.6 PERCENT.JUNE QUARTER ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 23 PERCENT.THE CONSOLIDATED PROFIT ALERT WAS SOURCED FROM TV AND LATER CONFIRMED FROM A PRESS RELEASE ISSUED BY THE COMPANY.  Full Article

Infosys Says FY19 Revenue Guidance In Constant Currency Retained At 6-8 Pct
Friday, 13 Jul 2018 

July 13 (Reuters) - Infosys Ltd ::FY 19 REVENUE GUIDANCE IN CONSTANT CURRENCY RETAINED AT 6-8 PERCENT.FY19 OPERATING MARGIN GUIDANCE RETAINED AT 22-24 PERCENT.SAYS BOARD APPOINTED MICHAEL GIBBS AS AN INDEPENDENT DIRECTOR OF THE COMPANY EFFECTIVE JULY 13, 2018 FOR A PERIOD OF THREE YEARS.COMPANY IN JUNE QUARTER HAS RECORDED A REDUCTION IN THE FAIR VALUE OF DISPOSAL GROUP HELD FOR SALE AMOUNTING TO $39 MILLION IN RESPECT OF PANAYA.  Full Article

BUZZ-Street View: Indian IT cos to show divergent organic growth in Q2

** Expect divergent organic growth across top-tier Indian IT services cos in Q2, with Tata Consultancy Services Ltd leading at 3.8 pct q-o-q - Jefferies