Infosys CEO reiterates belief in digital services growth, reveals three-year plan [Seeking Alpha]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Seeking Alpha
Infosys CEO reiterates belief in digital services growth, reveals three-year planInfosys (NASDAQ:INFY)holds its first analyst meeting in almost two years with new CEO Salil Parekh reiterating his belief that digital services (cloud big data, analytics) are a massive growth opportunity for the company.Infosys stands in second place in India’s $154B software services industry, which is led by Tata Consultancy Services. But the market is feeling the pinch of clients wanting to pay less for infrastructure maintenance.Parekh says Infosys has a three-year roadmap that starts with stabilization in 2019, builds momentum in 2020, and accelerates growth in 2021.Infosys shares areup 0.3% to $17.42.Previously:Bloomberg: Infosys CEO will sacrifice profit now for market opportunities (April 17)See all stocks on the move »Now read:WSJ: SoftBank putting $1B into truck-hailing firm Manbang »
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News
- Infosys Limited (NYSE: INFY) had its "hold" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $20.10 price target on the stock.MarketBeat
- India's Wipro beats Q4 revenue estimates [Yahoo! Finance]Yahoo! Finance
- India's Wipro beats Q4 revenue estimates [Reuters]Reuters
- India's Infosys falls as annual revenue outlook disappoints [Yahoo! Finance]Yahoo! Finance
- India's Infosys falls as annual revenue outlook disappoints [Reuters]Reuters
INFY
Earnings
- 4/18/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website