India's Cyient beats Q4 revenue estimates on resilient client demand [Yahoo! Finance]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
WHY IT'S IMPORTANT India's $254 billion IT sector has been struggling in recent quarters as clients cut spending on non-essential projects. However, engineering and tech services companies such as Cyient have been able to tide over as they focus on providing services to the transportation, mining and energy sectors, whereas larger IT services firms, including Tata Consultancy Services and Infosys, mainly cater to sectors such as banking, financial services, and insurance (BFSI). Analysts expect Cyient's deal wins in the fourth quarter from Airbus and Deutsche Aircraft to help its maintain engineering and technology growth in the aerospace segment in fiscal 2025. BY THE NUMBERS Consolidated revenue rose 6.3% to 18.61 billion rupees ($223.4 million) in the January-March period, beating analysts' estimate of 17.27 billion rupees, as per LSEG data. The company's digital, engineering and technology segment accounted for 80% of its overall revenue. Net profit climbed 15.9% to
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website