Page 26 - Infosys

Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2%

Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent

Q2 impact: Infosys, TCS can fall up to 9%; HCLTech may rise 5%, show charts

IT majors - TCS, Infosys and HCL Technologies flagged concerns of slower growth going ahead after announcing the Q2 results in the last two days.

Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2

Infosys's revenue guidance is a negative surprise and likely factor in impact from these ramp downs as well as backend ended and delayed ramp up in mega deal, according to analysts.

Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare

Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier

Infosys announces five-year extension of its JV pact with Temasek

India's second largest IT services company Infosys on Thursday announced a five-year extension of its joint venture collaboration with Temasek, a global investment firm headquartered in Singapore. The extension underlines the shared objective of creating impactful digital transformation and investing in digital talent in Singapore, a statement said, announcing that Infosys and Temasek have extended the digital services joint venture for a period of five years. Infosys Compaz -- Infosys-Temasek joint venture (JV) company -- has collaborated with large corporations in Southeast Asia on their digital transformation journeys, leveraging deep technology expertise across cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others. Meanwhile, Infosys in a filing said that based on the recommendation of the nomination and remuneration committee, its Board approved the appointment of Nitin Paranjpe as an additional and independent director ...

Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%

For the second quarter of FY24, the company reported net profit of Rs 6,212 crore up 3.2 per cent year-on-year (YoY). Sequentially, it was up 4.5 per cent

Not going to campus for recruitment at the moment, says Infosys CFO

Infosys, which hired over 50,000 freshers last year, is not going to campus for recruitment for the time being, Chief Financial Officer Nilanjan Roy said, adding that the IT major will honour offers that have been made. On the return-to-office approach, Infosys CEO Salil Parekh said the number of employees coming back to workspace is on the rise but asserted, in the same breath, that the company intends to maintain flexibility in its approach. Infosys' position on return to work is in variance to that of larger rival TCS, which has asked its 6.14 lakh-plus employees to work from offices, ending the practice of remote working that was necessitated by the pandemic. During the Q2 briefing, Infosys CFO Nilanjan Roy said the Bengaluru-headquartered company has a significant fresher bench and headroom for increasing utilisation, and hence it "is not going to campuses as yet". "Last year, we hired 50,000 freshers and hired ahead of demand...we still have a significant fresher bench... we

IT stocks drag markets lower; Sensex ends 65 pts lower, Nifty falls 17 pts

Infosys, TCS, HCL Technologies and Tech Mahindra were the biggest drag on the market performance

Infosys Q2FY24 result: Net profit rises to Rs 6,212 crore; revenue up 6.7%

Infosys Q2FY24 result: The company also declared an interim dividend of Rs 18 per equity share

Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins

Infosys Q2FY24 results preview: Infosys' net profit may rise just 3.8 per cent on-year to Rs 6,252 crore, while revenue may see a 5 per cent uptick to Rs 38,437 crore

As business from West takes a hit, Indian IT firms explore African market

As things stand, the African continent holds a relatively small share of less than five per cent in the global IT outsourcing

A fifth of entry-level technology jobs may go artificial intelligence way

Experts believe acquiring niche skills can be a smart way to stay relevant in an AI-driven market

End of Work-from-home: IT cos nudge employees to prepare for 5-day office

The French IT company, Capgemini's employees have been asked to work from the office two days a week

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

Infosys receives Rs 26.5 lakh IGST demand; IHC to sell stake in Adani units

Shares of Yatra Online finished below their IPO price during their trading debut on Thursday

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

Infosys to begin fresh appraisal cycle; last year hikes still pending

Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year

Stocks to Watch today, Sep 27: Infy, HealthCare Global, Suzlon, Century Tex

Stocks to watch on Wednesday, September 27, 2023: Shares of SignatureGlobal (India) and Sai Silk (Kalamandir) to debut on the bourses today.