Infosys: Removal Of The Governance Overhang Could Catalyze A Re-Rating [Seeking Alpha]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations:
infosys.com/investors
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Source: Seeking Alpha
Summary Infosys reported a largely in-line set of 3Q FY20 results but upped full-year guidance is a key positive. A major near-term overhang was cleared following the conclusion of the audit committee’s investigation into a whistle-blower complaint. The stock is trading at a governance-driven discount to peers, presenting an opportunity for long-term investors to buy into the Infosys story at a very reasonable price. Infosys Limited ( INFY decent set of 3Q FY20 earnings numbers OTCPK:HCTHY Crucially, the positive outcome of the audit committee’s inquiry into the whistle-blower allegations made against the company in October 2019 should remove a major overhang on the stock. Although the outcome of the SEC investigation is still pending, the positive findings from the audit committee review is a step in the right direction. As the overhang begins to subside, I believe Infosys is a bargain. The stock currently trades at a significant discount to its bigger competitor Tata Consulting Serv
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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