UPDATE 1-India's Tech Mahindra Q4 profit tops estimates on more deal wins [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
UPDATE 1-India's Tech Mahindra Q4 profit tops estimates on more deal wins | Reuters Reuters Staff 2 Min Read (Adds forex gain, background and CFO change) May 25 (Reuters) - India’s Tech Mahindra Ltd posted a quarterly profit on Friday that handily beat analysts’ estimates, boosted by a rise in deal wins and the rupee’s weakness against the U.S. dollar. The software services exporter saw a rise of 8.3 percent in the number of active clients, and strong growth in deal wins in the $5 million and $10 million client categories. Gains from foreign exchange rose nearly 8 percent to 1.74 billion rupees ($25.66 million) in the fourth quarter ended March 31, Tech Mahindra said bit.ly/2xaZc5b. Net profit more than doubled to 12.22 billion rupees, beating analysts’ average estimate of 9.34 billion rupees, according to Thomson Reuters data. Revenue from operations rose 7.5 percent to 80.55 billion rupees. Bigger rivals Infosys Ltd and Wipro have raised concerns over the outlook for the current ye
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News
- 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
- 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
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