Accumulate Infosys; target of Rs 1458: KR Choksey
KR Choksey recommended accumulate rating on Infosys with a target price of Rs 1458 in its research report dated July 22, 2023.22-07-2023
22-07-2023
INFOSYS LTD. - 500209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication pertaining to financial results for Q1 FY 202421-07-2023
INFOSYS LTD. - 500209 - Report Of Auditors On Financial Statements For The Quarter Ended June 30, 2023 With UDIN
Report of auditors on financial statements for the quarter ended June 30, 2023 with UDIN21-07-2023
Rub-off effect! IT stocks crash up to 10%; Infosys top loser
Infosys shares plunged nearly 10% to the day's lows of 1,305 following its June quarter earnings on Thursday where it significantly cut its FY24 revenue growth guidance. The last major fall for Infosys was on April 17, 2023, when the stock fell by over 14% while the Nifty IT index fell 7.62%.21-07-2023
Infosys cuts FY24 forecast, misses Q1 profit estimates
Analysts surveyed by Bloomberg estimated a June quarter profit of 6,245 crore on revenue of 37,843 crore21-07-2023
Ahead of Market: 10 things that will decide D-Street action on Friday
Indian equities rallied to a record high on the back of positive Q1 earnings from some counters and strong global cues. However, on Friday, the market may be influenced by Infosys. Market analysts believe if the index fails to surpass the 20,000 level, investors may engage in profit-taking.20-07-2023
Infosys Results Earnings Call for Q1FY24
Conference Call with Infosys Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.20-07-2023
Q1FY24 Quarterly Result Announced for Infosys Ltd.
IT Consulting & Software company Infosys announced Q1FY24 results: Revenues in CC terms grew by 4.2% YoY and by 1.0% QoQ Reported revenues at Rs 37,933 crore, growth of 10.0% YoY Operating margin at 20.8%, growth of 0.7% YoY and decline of 0.2% QoQ Basic EPS at Rs 14.37, growth of 12.4% YoY FCF at Rs 5,749 crore, growth of 12.6% YoY; FCF conversion at 96.7% of net profit Strong large deal closures and robust deal pipeline position us well for future growth “We had a solid Q1 with a growth of 4.2% and large deals of USD 2.3 billion which helps us to set a strong foundation for future growth. Our generative AI capabilities are expanding well, with 80 active client projects. Topaz, our comprehensive AI offering, is resonating well with clients. We see this being transformative for clients and enhancing our overall service portfolio” said Salil Parekh, CEO and MD. “We have expanded the margin improvement program with a holistic set of actions for the short, medium and long-term, working on five key areas, supported by our leadership team”, he added. “Q1 operating margins were resilient in an uncertain macro environment on the back of our continued focus on cost optimization. Company’s rigorous operational discipline including improved productivity measures and higher utilization helped margins for the quarter” said Nilanjan Roy, CFO. “Free Cash conversion was robust at 96.6% of net profits. Execution of strong capital allocation policy resulted in higher payouts to investors and improved ROE to 32.8%” he added. Result PDF20-07-2023
INFOSYS LTD. - 500209 - Board Meeting Outcome for Board Meeting Outcome - Financial Results For The Quarter Ending June 30, 2023
Financial results for the quarter ending June 30, 202320-07-2023
INFOSYS LTD. - 500209 - Results - Financial Results For The Quarter Ending June 30, 2023
Board meeting outcome - Financial results for the quarter ended June 30, 202320-07-2023