Buy Infosys; target of Rs 1838: YES Securities

YES Securities is bullish on Infosys has recommended buy rating on the stock with a target price of Rs 1838 in its research report dated October 12 2023.
13-10-2023

Infosys ADRs sink 7% on NYSE as Q2 results, guidance disappoints street

After the announcement of its Q2FY24 financial result, Infosys witnessed a sharp decline in its American Depository Receipts on NYSE on Thursday
12-10-2023

Infosys Results Earnings Call for Q2FY24

Conference Call with Infosys Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
12-10-2023
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INFOSYS LTD. - 500209 - Announcement under Regulation 30 (LODR)-Change in Directorate

Appointment of Nitin Paranjpe as an additional and independent director
12-10-2023
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INFOSYS LTD. - 500209 - Record Date For The Purpose Of Interim Dividend

Record date for the purpose of Interim Dividend
12-10-2023
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Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Infosys Ltd.

IT Consulting & Software company Infosys announced Q2FY24 & H1FY24 results: Q2FY24: Revenues in CC terms grew by 2.5% YoY and 2.3% QoQ Reported revenues at Rs 38,994 crore, growth of 6.7% YoY Operating margin at 21.2%, decline of 0.3% YoY and increase of 0.4% QoQ Basic EPS at Rs 15.01, growth of 4.6% YoY FCF at Rs 5,536 crore, growth of 16.5% YoY; FCF conversion at 89.1% of net profit H1FY24: Revenues in CC terms grew by 3.3% YoY Reported revenues at Rs 76,927 crore, growth of 8.3% YoY Operating margin at 21.0%, growth of 0.2% YoY Basic EPS at Rs 29.38, growth of 8.3% YoY FCF at Rs 11,285 crore, growth of 14.5% YoY; FCF conversion at 92.8% of net profit “Our Q2 operating margin of 21.2% demonstrates the early benefits of the recently unveiled margin improvement plan and is a clear reflection of our ability to continuously identify opportunities for improving operational efficiencies”, said Nilanjan Roy, CFO. “In line with our capital allocation policy, the Board has announced an interim dividend of Rs 18 per share, an increase of 9.1% over last year”, he added. Result PDF
12-10-2023
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