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Infosys gets a thumbs up from the Street; stock ends at record high
Posted on 16th July 2019
Shares of Infosys rose 7.2 per cent to end at Rs 780, an all-time high, after the firm raised revenue growth forecast for FY20.

Most analysts have raised their 12-month price target for the stock, hoping for increased payouts to shareholders. Analysts, however, say rising employee attrition remains a key risks, given the strong demand. Citibank said the valuation gap between Infosys and TCS would narrow further.

Infosys jumps over 5% on healthy Q1 results, other IT stocks rise too
Posted on 15th July 2019
Shares of IT bellwether Infosys rallied as much as 5.48 per cent in the opening deals on Monday after it reported healthy set of numbers for the March quarter (April-June) of the financial year 2019-20 (FY20).

At 09:37 am, the stock was trading 4.29 per cent higher at Rs 758 apiece on the BSE. Other IT stocks, too, gained in the trade lifting the Nifty IT index 1.52 per cent higher at 15,459 levels.

Infosys tweaks capital allocation policy to give back 85% of free cash flow
Posted on 13th July 2019
Infosys on Friday altered its capital allocation policy to give back 85 per cent of its free cash flow to shareholders effective from FY20. Earlier, the company was distributing up to 70 per cent of its free cash flow to the shareholders.

“Effective from FY20, the company expects to return around 85 per cent of the free cash flow cumulatively over a period of five years through a combination of semi-annual dividends or buybacks," the firm said in a statement.

Infosys spends lakhs on training freshers; each talent costs this much to the tech firm
Posted on 13th June 2019
India’s second largest information technology services firm Infosys spends about Rs 14 lakh on the training of each student, after which it takes them 12 weeks to become productive, Ravi Kumar, President and Deputy COO, told CNBC TV18. Infosys, which hires students from schools and colleges, has picked some 3,000 students and is focussing on training, skilling and building talent locally, Ravi Kumar added.

Infosys sets up experience design and innovation studio in London
Posted on 11th June 2019
India's second largest IT services firm Infosys on Monday said it has set up an experience design and innovation studio in Shoreditch, London.

The facility will provide space for Infosys and its clients to ideate, collaborate and innovate together by combining design and the latest technology offerings, including artificial intelligence, augmented reality/virtual reality, Internet of Things and 5G, Infosys said in a statement.

Infosys completes acquisition of 75 pc stake in ABN AMRO Bank subsidiary Stater
Posted on 24th May 2019
New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank's wholly-owned Stater NV.

In March, the country's second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore). ABN AMRO continues to hold the remaining 25 per cent.

Infosys grants stock units worth Rs 10 crore to CEO Salil Parekh
Posted on 17th May 2019
Infosys’ board on Thursday proposed granting equity shares worth Rs 10 crore to Chief Executive Officer Salil Parekh as part of a new stock incentive plan aimed at retaining talent.

Chief Operating Officer and Whole-time Director UB Pravin Rao will get shares worth Rs 4 crore. In all, 50 million shares will be allocated to employees, subject to shareholders’ approval, under the initiative called ‘Infosys Expanded Stock Ownership Program 2019’.

Infosys chairman Nandan Nilekani says data empowerment to benefit all segments of society
Posted on 23rd April 2019
Infosys Technologies co-founder and chairman Nandan Nilekani on Monday said India’s digital infrastructure will play a major role in reviving its economy.

Nilekani was addressing members of the Federation of Indian Chambers of Commerce and Industry (Ficci) at the national executive committee meeting on ‘Digital India and its Impact on Economy and Industry’ held in Bengaluru.

Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates
Posted on 13th April 2019
Infosys on Friday posted a mixed set of numbers for the March quarter as well as the entire financial year 2018-19 (FY19) but gave a muted estimate on revenue growth for the current year, apart from slashing its operating margin forecast for the second consecutive year.

Despite clocking 9 per cent revenue growth in constant currency terms for FY19 against its guided range of 6.5-8.5 per cent for the period, the country’s second-largest information technology services company guided for only 7.5-9.5 per cent revenue growth in FY20.

Infosys hits new high of Rs 774 ahead of March quarter results
Posted on 9th April 2019
Infosys shares hit a new high of Rs 774, up 1 per cent, on the BSE in early morning trade on Tuesday ahead of its January-March quarter (Q4FY19) results on Friday. The stock has surpassed its previous high of Rs 771 touched on February 8, 2019, in intra-day trade.

In the past three weeks, Infosys has outperformed the market by gaining 9 per cent, after the IT major commenced buyback offer on March 20. In comparison, the benchmark S&P BSE Sensex was up 2 per cent and the sector index S&P BSE IT index was up 6 per cent during the same period.

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