Recent Event Highlights: Wipro results temper sector euphoria on uncertain IT demand - Reuters India, Making Sense Of Infosys' 17% Surge Post Results - Seeking Alpha, Tata Consultancy Services follows Infosys on Q3 results, beats forecasts ... - Economic Times, Tata Results Beat, Following Services Rival Infosys - Investor's Business Daily, Infosys results leave analysts puzzled and hurt, TV9 News: Infosys Q3 Net Profit at Rs 2369 Cr, and 225 more...
Created by dipity on Jul 9, 2009
Last updated: 01/19/13 at 01:05 PM
Infosys Results has no followers yet. Be the first one to follow.
Excerpt
The street wasn't expecting a blockbuster on Friday, when Infosys announced Financial results for the third quarter. Consensus estimates were for lukewarm numbers. Instead, Infosys served up numbers too good to be true. Caught off-guard, investors went i
Source Info
Economic Times
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-analysis-/infosys-quarterly-results-leave-analysts-puzzled-and-hurt/articleshow/18013836.cms
Infosys Ltd, India's second- largest software exporter, today posted stronger-than-expected quarterly profits and raised its full-year sales forecast, triggering a 16 per cent surge in its stock price. Net profit at Rs 2369 crore in October-December was marginally lower than Rs 2372 crore logged in the same period a year ago, but higher the market expectations. That prompted Infosys to raise its sales forecast by about 3 per cent to Rs 40746 crore, including USD 104 million in additional revenue following the acquisition of Switzerland -based consultancy Lodestone Holdings. The company signed eight large outsourcing deals worth USD 731 million in the quarter and has a "strong pipeline of large deals" and is "cautiously optimistic" about the current quarter, Infosys Chief Executive Officer and Managing Director SD Shibulal told reporters here. Infosys scrip jumped as much as 16 per cent, the biggest advance since it began trading in 1993. It was the largest gainer on the BSE India Sensitive Index, followed by competitors Wipro and Tata Consultancy Services. In the October-December quarter, revenues (including that of acquired Swiss firm Lodestone) were up 12.1 per cent to Rs 10424 crore. Revenues stood at Rs 9298 crore in the year-ago period. "We have done well in this quarter despite an uncertain environment," Shibulal said, adding that client addition has been one of the highest in the last few quarters. The net addition was 25 clients which excludes Lodestone. In dollar ...
Bloomberg TV India's Harsha Subramaniam joins Infosys's CFO Rajeev Bansal & Head Of Manufacturing & Engineering Ashok Vemuri to speak about Infy's results. Listen to Bansal & Vemuri about Infy's results & their forecast.
Infy's CEO SD Shibulal and Sr. VP Sanjay Purohit join Bloomberg TV India's Harsha Subramaniam to discuss Infy's street-beating results. Listen in to Shibulal & Purohit discuss about Infy's turnaround performance, their growth chart for the future and prospective sectors for the company.
After cheering up markets and analysts alike with its better than expected Q3 results, Infosys is poised to pleasantly surprise its employees too as chief executive officer and managing director SD Shibulal said the company plans 6000-9000 promotions in the current quarter. "We did one round of promotions in the middle of the year and the next promotions would be before the end of the current fiscal (year)," Mr Shibulal said. Watch full show: profit.ndtv.com
Excerpt
Agence France-Presse/Getty Images The company expects sales to grow 2.7% in dollar terms in January-March, compared with 6.3% in the October-December period. Infosys Ltd.'s strong quarterly results and better revenue forecast sent its stock surging 17% F
Source Info
Wall Street Journal
http://blogs.wsj.com/indiarealtime/2013/01/11/analysts-urge-cautious-approach-on-infosys/?mod=WSJBlog
The finale began with former champions Infosys making good progress as teams from Mahindra Satyam, Standard Chartered and HSBC also got going. All teams looked close to each other but Infosys kept moving ahead till the mid point of the quiz. The lateral thinking and visual rounds played on the buzzer was the turning point with Naveen and Phani going for leather on every question and cracked a whopping 90 points to take the quiz away from the others. If that was not enough, the duo cracked a few more in the final round to finish with a perfect century. Infosys finished runner up but the result was indicative of a young brigade of quizzers across India coming better prepared for the Crucible edition to challenge the erstwhile quizzers. The guest of honour Dr.Lakshmi Lingam said "This is an audience that is prepared with answers waiting for the questions to come, rather than classes where we ask the questions and hope to find the answers". Results WINNER: Sai Mitra Constructions - Naveen Kumar and Phani Mahesh RUNNER UP: Infosys - Sridhar Reddy and Surendra Reddy
Mint's editor R. Sukumar discusses some of the top stories of the week, from the Infosys results to the state of the economy.
Infosys Q2 net profit in-line at Rs 2370 crore Surscribe to www.youtube.com/etnow to get latest business news, analysis and updates. OR Follow us on www.dailymotion.com/etnow to get latest video updates
Mr. Manoj Singla, Managing Director and Co-head Research, Religare Capital Markets Ltd, shares his views on the Infosys results and IT sector - NDTV Profit
Aniruddha Mehta, Research Analyst at IIFL speaks about Infosys Q1 results. He says that revenue, and dollar guidance numbers are clearly disappointing.
TCS and Infosys have posted their earnings for the first quarter, and their fortunes seem to be diverging dramatically. Meanwhile, India?s industrial output is still very low. Technology editor Leslie D?Monte and national writer Asit Ranjan Mishra talk about the implications.
INFOSYS, A COMPANY THAT IN THE PAST HAS BEEN ACCUSED OF BEING TOO CONSERVATIVE IN GIVING OUT ITS GUIDANCE TODAY CUT IT'S FULL YEAR DOLLAR REVENUE PROJECTION FROM 8-10% TO 5%, A CUT STEEPER THAN WHAT THE STREET WAS EXPECTING.AND THATS NOT WHERE THE PAIN ENDS FOR INFOSYS. THE IT BELLWEATHER, FOR THE FIRST TIME IN ITS OVER 3 DECADE HISTORY HELD BACK ON ISSUING A QUARTERLY REVENUE GUIDANCE CITING POOR VISIBILITY. ANALYSTS SAY THE FACT THAT INFY MISSED ITS QUARTERLY GUIDANCE IN SIX OF THE THE LAST 7 QUARTERS MAY HAVE LED TO THIS MOVE.
WITH INDIA'S TWO BIGGEST IT COMPANIES DELIVERING Q1 RESULTS ON THE SAME DAY AND THAT TOO FOR THE FIRST TIME EVER... COMPARISONS ARE BUT INEVITABLE. AND CONSIDERING THE GLARING CONTRAST BETWEEN THE TWO SET OF NUMBERS...TCS NOT ONLY MANAGED TO RUB SALT IN INFOSYS' WOUNDS BUT HAS ALSO REITERATED WHY IT'S STILL INDIA'S TOP SOFTWARE SERVICES PROVIDER
Infosys results disappointing for stock-sector, UBS Sec
Hitesh Shah, analyst at IDFC Securities speaks to NDTV Profit about Infosys Q1 results for FY13. He says that they key factor is the guidance for second quarter of FY13. "Expect $ guidance revision by around 1%," he adds.
prediction of how infosys and tcs q1 results to be declared on 12 july 2012 will impact share prices of tcs,infosys and it sector and sensex generally
Apurva Prasad, Research Analyst ITI Securities speaks on Infosys Q3FY12 results
Hitesh Shah, IT Analyst at IDFC Securities, says the banking, financial services and insurance BFSI and retail verticals are facing a lot of uncertainty and clients are holding their IT spends. "However, over a 2-3 month period Infosys could be a market performer. Over 12 months, there is a favourable risk reward and Infosys could be closer to 2900 levels a year down the line," Shah said.
Ashok Vemuri, Head of Americas and Global Head of Manufacturing, and Engineering Services and Raghupathi CN, Head - India Business, Infosys spoke about the performance of financial services vertical in US and India markets in the fourth quarter.
SD Shibhulal, CEO and MD and Rajiv Bansal, VP & Head of Finance of Infosys speak to NDTV Profit about the Q4 results and guidance for first quarter of FY'13. They explain why the company's profits in Q1 is expected to be so low. Watch full show: profit.ndtv.com
Aniruddha Mehta, Research Analyst, IIFL says that that Infosys result was below expectations with Q4 becoming one of the worst quarters that Infosys has seen. Guidance too has come below expectations, he says, adding that, IIFL has reduced its own earnings and growth estimates of Infosys stocks.
IT BELLWETHER INFOSYS HAS TURNED IN A SHOCKER OF A PERFORMANCE; BOTH THE FOURTH QUARTER AND FOR THE FULL YEAR FY12.
Video Conference of Infosys - Results for the Fourth Quarter and Year ended March 31, 2012 Investors
Infosys - Didnt meet lower end of guidance in Q4
IDFCs view by Hitesh Shah - Infosys Q4 PAT at Rs 2316cr
Bhavan Suri's view - Infosys Q4 PAT at Rs 2316cr
Infosys Q4 consolidated PAT at Rs 2316 crore
Bhavin Shah, CEO of Equirus Securities expects Infosys' Q4 revenues expected to be flat with a per cent decline in the margin due to rupee appreciation.
Watch the Press Conference that was held on the occasion of the 3rd Quarterly Results announcement on the 12th of January. Some Tough Questions and Confident Replies. Watch it!
Infosys Narayan Murthy on Q3 Results 2012
If you have not worked with Infosys lately, you may not recognize us.But, sure, you may remember our laser like focus on Business Results. We don't just deliver value; we give you the numbers to prove it. We are driving the next revolution in Global Services. We are Infosys, and we are Building Tomorrow's Enterprise.
Infosys has announced its second quarter results which is above the market expectation.
Excerpt
...more than four per cent on bourses as the company's first quarter results for this fiscal lagged market estimates. Infosys' net profit jumped nearly 16 per cent to Rs 1,722 crore and its revenues rose to Rs 7,485 crore in the first quarter ended June 30,...
Source Info
Economic Times
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/infosys-nosedives-over-4-pc-on-poor-q1-results/articleshow/9199244.cms
Excerpt
...expectations in the last several quarters. Both companies are set to report the April-June results in coming days. After Infosys’s disappointing performance in the last few quarters, analysts are now waiting for the results of TCS and HCL Technologies to check...
Source Info
Wall Street Journal
http://blogs.wsj.com/indiarealtime/2011/07/12/did-infosys-catch-the-tendulkar-bug/?mod=WSJBlog
Excerpt
...forecast after narrowly missing expectations with its first-quarter results, sending its shares down nearly 6 per cent. Infosys maintained its dollar revenue growth forecast at 18-20 per cent for the fiscal year ending March 2012. Analysts expected full-year...
Source Info
Techcircle.in
http://techcircle.vccircle.com/500/infosys-q1-net-up-15-4-maintains-revenue-forecast/
Technology major TCS delivered results in line with estimates. Fourth quarter profits rose 3% quarter on quarter, while revenues shot up 5% to just over Rs 10150 crore. Operating margins were the only blip coming in marginally lower in the fourth quarter.
This is a Video of the Quarterly Results' Press Conference held on 15th April, 2011 at Bangalore. Watch the Top Management announce the results and interact with the Media.
This is an archived video of the CNBC-TV18's Boardroom program. The telecast was on 15th of April, 2011. Watch the Top Management speak to CNBC about the Q4 and FY'11 Results.
The Infosys stock, which plunged 10% on Friday after disappointing earnings, fell other 2.5% today as brokerages looked at it with pursed lips and shaking heads. CNBC-TV18's Reema Tendulkar wraps up the brokerage views.
Infosys which has fallen short of expectations with its fourth quarter numbers, is not taking this lying down. It has chalked out a major restructuring plan that it says will help accelerate growth, report CNBC-TV18's Sunanda Jayaseelan and Vineetha Athrey.
goo.gl
INFOSYS DISAPPOINTS AS FOURTH QUARTER REVENUES RISE A FEEBLE 2 PERCENT ... A WEAK GUIDANCE ADDS INSULT TO INJURY...
Equity futures are mixed this morning with the Dow Jones Industrial Average looking to open 2 points lower while the broader S&P500 index is looking to open less than a point higher this morning. Moving fast in the pre-market session are shares of Assured Guaranty up over 15% after Bank of America said it reached an agreement with the bond insurer; Amylin Pharma up over 12% after it won backing from a European Medicines Agency panel for Byuderon; Bronco Drilling up over 6% on news that Chesapeake will buy the company for $315 million; Melco Crown Entertainment up over 5%; and shares of Merck up 3% after it reached a deal with J&J to end a drug rights dispute and reaffirmed its 2011 guidance. Shares of Google are down over 5% a day after the company released Q1 results; shares of Cirrus Logic are down 6% after issuing a warning on FY Q4 margins; and shares of Infosys Technologies are down over 9% after the company reported quarterly results.
Nifty Futures opened well above 5900 but below expected Infosys results dampen the sentiments forcing Nifty Futures to test the crucial support of 5820 in intraday. Now, the important level to watch is 5800 below which slide may be seen till 5700 levels. To regain the momentum, Nifty Futures needs to surpass 5880 levels on closing basis. The important timing cycle turning day is placed on 19th Apr where the direction of the trend will be clear on the chart. Despite the fall in the market, the 2-wheeler stocks from the auto sector performed well and the stocks like Bajaj Auto, TVS motors are likely to continue upward momentum.
Need new generation of leaders: Mohandas Pai.
Excerpt
...but where we see some disappointment is lower earnings guidance which means there will be margin pressures." Ahead of the results, Infosys shares had lost 4 percent this year versus a 2.5 percent drop in the sector index and the main index 's 3.6 percent fall. Staff...
Source Info
International Business Times
http://www.ibtimes.com/articles/134641/20110415/infosys-results-miss-estimates-shares-fall-7-pct.htm
Mohandas Pai quits Infosys Board, Mohandas Pai quits Infosys Board, Mohandas Pai has resigned from the company, Mohandas Pai has resigned from the company, Mohandas Pai, Infosys Board, IT giant Infosys announced its Q4 results.
Given that we have had 200 point pullback in the Nifty, the IT results will come at a critical juncture because they may well go on to decide whether this support that we are talking about holds out or we get pegged into a slightly deeper fall in the near-term, says CNBC-TV18's managing editor Udayan Mukherjee.
Update Sources