India's Infosys raises revenue guidance, but third-quarter profit misses estimate [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
India's Infosys raises revenue guidance, but third-quarter profit misses estimate | Reuters 2 Min Read (Reuters) - Indian IT services company Infosys Ltd raised its full-year revenue growth forecast on Friday, but reported a larger-than-expected drop in third-quarter profit, due to higher expenses. The country’s second-biggest software services exporter by market capitalization reported a 29.6 percent fall in attributable profit for October-December to 36.09 billion rupees ($511.94 million). That compared with the 41.31 billion rupees average of 25 analyst estimates compiled by Refinitiv Eikon. A year earlier, it made a profit of 51.29 billion rupees, helped by tax benefits from the firm's deal with the U.S. Internal Revenue Service, the company said in a statement here Still, Infosys raised its revenue growth forecast for the year through March 2019 to 8.5-9 percent in constant currency, from 6-8 percent previously. Total expenses in the quarter surged over 26 percent to 170.21 bill
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INFY
News
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at BMO Capital Markets from $21.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Infosys (INFY) Q4 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE:INFY) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at Susquehanna from $15.00 to $14.00. They now have a "negative" rating on the stock.MarketBeat
- 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
INFY
Earnings
- 4/19/24 - 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