Infosys Sales Forecast Falls Short as Clients Hold Off Spending [BNN Bloomberg (Canada)]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: BNN Bloomberg
India's second-largest outsourcing provider said Thursday revenue will grow 1% to 3% on a constant-currency basis in the year through March 2025. That compared with the average analyst estimate of 6.2%. The Bangalore-based company also projected a operating margin of 20% to 22%. The country's nearly $250 billion information technology industry is seeking to emerge from a slowdown caused by elevated interest rates and inflation as well as uncertainty brought about by Russia's war on Ukraine. Bigger rival Tata Consultancy Services Ltd., which doesn't give a sales forecast, last week said the current fiscal year will be better than the previous one. Infosys also said its net income rose to 79.7 billion rupees ($954 million) for the fourth quarter through March 2024. Analysts expected 61.6 billion rupees on average. Revenue climbed 1.3% to 379.2 billion rupees. What Bloomberg Intelligence Says “We anticipate management will lay out a low-single digit sales growth target for fisca
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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