Infosys Shares Recover After Declining In Morning Trade
Infosys on Thursday reported a better-than-expected 13.4 per cent rise in profit in the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of "constraints" in certain verticals.
Results Earnings Call for Q3FY23 of Infosys Ltd
Conference Call with Infosys Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Salil Parekh and senior team
Infosys exceeds expectations in Q3. How will the stock react to quarterly prints?
The IT giant posted a consolidated net profit of 6,586 in Q3FY23 rising by 13.4% YoY and 9.4% QoQ. Meanwhile, revenue from operations came in at 38,318 crore in Q3FY23 increasing by 20.2% YoY and 4.9% QoQ.
INFOSYS LTD. - 500209 - Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Please find below the details of daily reporting of the equity shares bought back by Infosys Limited on January 12, 2023. Q3FY23 Quarterly Result Announced for Infosys Ltd.
IT consulting services company Infosys announced Q3FY23 results: Q3FY23: Revenues in CC terms grew by 13.7% YoY and 2.4% QoQ Reported revenues at Rs 38,318 crore, a growth of 20.2% YoY Digital revenues at 62.9% of total revenues, YoY CC growth of 21.7% Operating margin at 21.5%, a decline of 2.0% YoY and stable QoQ Basic EPS at Rs 15.72, growth of 13.4% YoY FCF at Rs 4,741 crore, a decline of 12.2% YoY; FCF conversion at 72.0% of net profit. “Our revenue growth was strong in the quarter, with both digital business and core services growing. This is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees”, said Salil Parekh, CEO and MD. “As reflected in large deals' momentum, we continue to gain market share as a trusted transformation and operational partner for our clients. Our end-to-end capabilities and global scale make us a preferred choice as clients look at consolidating vendors. We remain focused on helping businesses accelerate their digital agenda to uncover new value and growth, as well as improve operational- and cost-effectiveness,” he added. “Operating margins in Q3 remained resilient due to cost optimization benefits, which offset the impact of seasonal weakness in operating parameters,” said Nilanjan Roy, Chief Financial Officer. “Attrition reduced meaningfully during the quarter and is expected to decline further in the near term,” he added. Result PDF INFOSYS LTD. - 500209 - Appointment Of An Independent Director
Based on the recommendation of the Nomination and Remuneration Committee, considered and approved the appointment of Govind Vaidiram Iyer (DIN - 00169343), as an additional & independent director effective January 12, 2023 for a period of 5 (Five) years, subject to the approval shareholders. In this regard, a press release including his brief profile is enclosed herewith. It may be noted that Govind Vaidiram Iyer has no relationship with any member of the Board of directors and meets all the criteria for being appointed as an independent director under all statutes applicable to the Company. INFOSYS LTD. - 500209 - Outcome Of Board Meeting For Quarter Ended December 31, 2022
Please refer the Outcome of the Board meeting enclosed. INFOSYS LTD. - 500209 - Infosys Foundation Announces The Third Edition Of The Aarohan Social Innovation Awards'
Please find enclosed the press release titled 'Infosys Foundation Announces the Third Edition of the Aarohan Social Innovation Awards' This information will also be hosted on the Company's website, at www.infosys.com. INFOSYS LTD. - 500209 - Infosys Foundation Announces The Third Edition Of The Aarohan Social Innovation Awards'
Please find enclosed the press release titled 'Infosys Foundation Announces the Third Edition of the Aarohan Social Innovation Awards' This information will also be hosted on the Company's website, at www.infosys.com. INFOSYS LTD. - 500209 - Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Please find enclosed the details of the daily reporting of the equity shares bought back by the Company on January 9 2023.