INSUBCONTINENT EXCLUSIVE:
Infosys Q1 earnings: The IT major maintained its revenue guidance for 2018-19Infosys announced its earnings for the April-June quarter today
3,612 crore, missing analysts' estimates
Analysts had on on average expected a net profit of Rs
The software services exporter kept its revenue growth projection unchanged at 6-8 per cent for the current financial year
18,083 crore in the previous quarter
Infosys announced a 1:1 bonus, subject to regulatory and shareholder approvals
A 1:1 bonus means that the shareholder will get one share for each share held
amounting to Rs 270 crore ($39.4 million) in respect of the Panaya business
Infosys had in February this year announced the acquisition of US-based Panaya
New Jersey-based Panaya provides cloud-based quality management services for enterprise applications
(Read more)Infosys said it added 70 new clients in the June quarter
(Read more) "With our Agile Digital business growing sequentially at 8 per cent in constant currency and increase in our large deal wins to
over US$ 1 billion, we see good traction in the market," said Mr Parekh.Infosys Large Deal Wins Cross $1 Billion; Core Services Resonating
With Clients, Says Salil Parekh"The strong revenue and margin performance in this quarter shows that our dual emphasis on Agile Digital and
AI-driven Core services is resonating with our clients", said CEO and MD Salil Parekh
Infosys said in a regulatory filing that its large deal wins crossed the $1 billion mark.In dollar terms (constant currency), Infosys
reported a revenue of $2,831 million in Q1
That marked a quarter-on-quarter growth of 0.9 per cent, and a year-on-year increase of 6.8 per cent
Infosys reported a net profit of Rs 3,612 crore for the quarter ended June 2018, as against Rs 3,690 crore in the previous quarter
Revenue came in at Rs 19,128 crore, down 5.8 per cent on a quarter-on-quarter basis.Benchmark stock indices Sensex and Nifty closed on a
flat note, a day after government data showed retail inflation soared to a five-month high of 5 per cent in June
Infosys shares finished 2.2 per cent higher, leading IT stocks
The Nifty IT - an NSE index comprising IT stocks - finished with marginal gains
On the BSE, the Infosys share price hit an intraday high of Rs 1,331.35 during the session
At 3:27, Infosys shares were trading 2.3 per cent higher at Rs 1,324.05 on the bourse.Infosys, the country's second largest IT services
exporter, will report its earnings for the first quarter of the current financial year around 4:15 pm today
Brokerages expect Infosys to post a growth in revenue
(What to expect from Infosys today)
