Infosys Ltd (INFY)

Infosys Acquires InSemi to Strengthen Semiconductor Ecosystem - 13 May, 2024

Infosys has completed the acquisition of InSemi, a leading semiconductor design and embedded services provider. The collaboration will help accelerate its chip-to-cloud strategy by bringing design skills at scale and will also pair with existing investments in AI/automation platforms and industry partnerships.

Infosys Reports Q4 Decline, Rolls Out AI Helpers - 11 May, 2024

Infosys reported a decline of 2.2% QoQ in Q4 and has rolled out AI helpers to all employees resulting in increased efficiency and reduced application development time.

Infosys Reports Strong Q4 Results and Announces Partnerships for Sustainability and Education - 10 May, 2024

Infosys Ltd reports strong Q4 results with a 30% YoY increase in net profit. The company also announces partnerships with AEEE and IIHS for sustainability and with Ashoka University to boost scientific research and education.

Infosys Reports Strong Q4 Results and Announces Partnerships for Sustainability and Innovation - 09 May, 2024

Infosys reports strong Q4 results with a 30% YoY increase in net profit and launches the ASSURE program to decarbonize India's commercial building sector. The company also announces a strategic partnership with Formula E for digital innovation.

Infosys Collaborates with Yunex Traffic for Digital Transformation - 08 May, 2024

Infosys partners with Yunex Traffic to advance the Yunex OneERP program and consolidate disparate business processes into a cloud-based unified system. Nandan Nilekani also states India's focus on building AI use-cases for all citizens. Institutional investors own over 50% of Infosys.

Infosys Earns Certification for Responsible AI Practices - 07 May, 2024

Infosys has been certified with ISO 42001:2023 for implementing an artificial intelligence management system framework that fosters responsible AI practices and adherence to regulatory requirements. The Infosys Topaz Responsible AI Suite aims to monitor and protect AI models and systems from risks and threats while enabling businesses to apply AI responsibly.

Infosys Acquires in-tech, Allots Equity Shares to Employees - 03 May, 2024

Infosys announces acquisition of in-tech, a German automotive-focused engineering R&D services provider for $480 million. The company also allotted over 6.57 lakh equity shares to eligible employees as part of its stock incentive plans.

Infosys Reports Strong Q4 Results and Recognition in Forrester Report - 02 May, 2024

Infosys reports improved utilisation levels and robust deal pipeline in Q4. Positioned as a leader in the Forrester Wave report for Application Modernization and Migration Services, Q1 2024. Income tax department reduces tax liability by Rs 1,258 crore.

IT Companies Report Net Headcount Decline in FY24 - 30 Apr, 2024

TCS, Infosys, and Wipro reported a net headcount decline in FY24 due to adverse discretionary spending environment caused by high-interest rates and cautious client consumer sentiment. Both HCLTech and Infosys are guiding for low single-digit growth in FY25.

Infosys Expects Similar Trends in FY25, More Off-Campus Hiring - 29 Apr, 2024

Infosys expects FY25 trends to remain similar to FY24, with weak discretionary spending and digital transformation projects. The company plans to do more than half of its hiring off-campus, depending on the demand environment.

Infosys Headcount Drops; Religare Picks Stock for May Series - 27 Apr, 2024

Infosys' headcount dropped by almost 26k employees in FY24, while no exact fresher hiring targets were shared for FY25. Despite this, Religare Broking picked Infosys as one of the top stocks for the May series.

Infosys Reports Strong Q4 Results Amid Subdued Growth Projections - 25 Apr, 2024

Infosys reported a 30% YoY increase in net profit at Rs 7,969 crore in Q4 FY24. However, the Indian IT services sector is projected to see modest revenue increases of 5-7% in FY25 due to ongoing global economic challenges. This follows a decade of 12% CAGR growth. Crisil Ratings estimates are higher than Infosys' revenue guidance of 1-3%. The operating margins are expected to remain stable at 22-23%, according to the report.

Infosys Posts Q4FY24 Results, Faces Penalty for Tax Credit - 24 Apr, 2024

Infosys posted Q4FY24 results with revenue growth and high attrition rate, but lower margins due to operating costs. The company also faced a penalty of Rs. 1.46 lakh for availing ineligible input tax credit. Additionally, Infosys has asked its employees to work from the office for at least 11 days per month.

Infosys Faces Penalty for Ineligible Tax Credit, Announces Dividend Increase - 23 Apr, 2024

Infosys faces a penalty from the Odisha GST authority for availing ineligible input tax credit, while announcing an increase in its upcoming dividend payment. The company's Q4FY24 results fell short of revenue expectations but exceeded profit forecasts due to substantial other income. Founder NR Narayana Murthy discusses entrepreneurship as a state of mind. Infosys also sees gains in the Sensex basket.

Infosys Reports Mixed Results for Q4FY24 - 22 Apr, 2024

Infosys reported mixed results for Q4FY24, with strong YoY growth in net profit but falling short of revenue expectations due to weak discretionary spending. The company also announced significant workforce reductions along with lower revenue growth expectations for FY25.

Infosys Reports Q4 Results Amidst Workforce Reductions and Reduced Revenue Guidance - 20 Apr, 2024

Infosys reports Q4 FY24 results with a decline in revenue but an increase in profits. The company also sees a significant reduction in its workforce while analysts reduce their target prices due to the company's lowered revenue guidance for FY25. However, the company declares dividends amidst a bleak outlook for the IT industry.

Infosys Misses Revenue Estimates, Lowers Guidance - 19 Apr, 2024

Infosys shares decline as the company misses revenue estimates, lowers guidance, and reports a disappointing Q4 operating performance. The acquisition of in-tech for 450 million euros is expected to expand its footprint in Europe. Global brokerages have trimmed share price targets. Retains BUY rating with TP at Rs1,750.

Infosys Reports Strong Q4 Results, Acquires in-tech - 18 Apr, 2024

Infosys reports strong Q4 results with a 30.04% YoY rise in net profit and acquires in-tech, a German engineering R&D services provider. However, Infosys' FY25 revenue guidance of 1-3% falls short of analyst estimates, causing its ADR shares to drop 6.78%. The company also faces a $38 million loss due to a cybersecurity breach and experiences its first-ever decline in headcount since at least 2001.

Infosys Collaborates with Proximus, Set to Announce Q4 Results - 17 Apr, 2024

Infosys partners with Proximus for digital transformation, while Q4 results are expected to show a slight revenue growth but decline in EBIT margins.

Infosys Completes Transformation Program, Q4 Earnings Expected to Show Subdued Growth - 16 Apr, 2024

Infosys completed a successful transformation program for Team Global Express and won an award. However, Q4 earnings are expected to show subdued growth due to weak discretionary spending in the US and seasonal impact on revenue.