According to analysts, Infosys’ guidance raise was mostly driven by the purchase of In-tech as well as a one-time sales bump in its India unit. Infosys’ first-quarter results exceeded Wall Street expectations on several fronts. With strong growth, optimistic commentary, and upgraded guidance, the IT major’s valuation gap with Tata Consultancy Services Ltd (TCS), which…
Today, Infosys released its first-quarter results: India’s IT behemoth Infosys, which will report its first-quarter results on July 18, 2024, is expected to achieve solid sequential revenue growth in the first quarter ending June 2024, owing to a surge in large agreements. According to brokerages, the second-largest IT services provider is expected to record greater…
On Thursday, July 18, the IT behemoth Infosys is scheduled to reveal its Q1 financial results. Based on a ramp-up in significant agreements signed during FY24, experts predict that Infosys would witness a turnaround in its sequential revenue increase to 2-3 percent on constant currency (CC). Management’s thoughts on any changes to the revenue growth…
Stock Market Updates: Amidst encouraging signals from global peers, equity benchmark indices got off to a solid start on the first trading day of the 2024–25 fiscal year. At 74,166, the S&P BSE Sensex was up more than 500 points. A test of the 22,500 levels was observed for the NSE Nifty 50. – Stock…
Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…
Sudha Murty: At the India Today Conclave 2024, Rajya Sabha MP Sudha Murty revealed insights into the well-known anecdote of providing ₹10,000 to her husband NR Narayana Murthy to initiate Infosys, a renowned IT firm. Reflecting on a dispute from 1981, Sudha Murty recalled her husband’s aspiration to establish a software company despite their secure…
LIC shares: In response to better-than-expected quarterly results, a few brokerages increased their target prices on Life Insurance Corporation of India Ltd. (LIC), which saw a spike in shares of over 6% on Monday. By doing this, LIC became the fourth most valuable stock on Dalal Street, briefly surpassing Infosys Ltd and ICICI Bank Ltd in the…
