Page 3 - Infosys Ltd News

Strong Q2 earnings, Rs 9,300-crore share buyback propel Infosys stock

Market players said buyback will support the stock price in the interim

Infosys runs 'Accelerate' to avert moonlighting, says it supports learning

Infosys supports 'gig work' for employees but is against dual employment, has fired people who were moonlighting, CEO Salil Parekh said in a media interaction on Thursday

Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos

The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.

Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.

Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Infosys Q2 net profit rises 11%, announces Rs 9,300-cr share buyback

The company's consolidated revenue from operations rose 23% to Rs 36,538 crore in Q2FY23; floor price for share buyback set at Rs 1,850 per share

Top headlines: Infy announces Rs 9.3k-cr share buyback; Sep PV sales up 92%

Business Standard brings you top news of the evening

Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed

Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4

Ravi Kumar S resigns as president effective today, says Infosys

Kumar, worked with Infosys for almost 20 years, and led the Infosys Global Services Organisation across all industry segments.

Infosys says Ravi Kumar S resigns as President effective today

IT services major Infosys on Tuesday said its president Ravi Kumar S has resigned from his post. The company did not give any reason for the move which comes just days ahead of its second quarter earnings announcement. "The board of directors placed on record their deep sense of appreciation for the services rendered by Ravi Kumar S. for his contributions to the company," Infosys said in a regulatory filing. In his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments. He led the services lines and specialised digital sales across consulting, technology, infrastructure, engineering and process verticals. Starting his career as a nuclear scientist at the Bhabha Atomic Research Center, he joined Infosys in 2002 and was appointed as its president in 2016. In 2017, he was named as the Deputy COO and was widely tipped to be the company's COO, but Infosys later did away with the post of the COO after the retirement of incumbent UB Pra

Infosys gains nearly 1% as board to consider share buyback on Thursday

The company's board will consider a proposal for buyback of fully paid-up equity shares at its meeting on October 13, 2022 and also announce its September quarter earnings.

Infosys board to consider a proposal for buyback of equity shares on Oct 13

IT major Infosys Ltd on Monday said its board would decide on a proposal for share buyback in its meeting to be held on Thursday. The board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on October 13, 2022, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, Infosys said in a regulatory filing. The board will finalise the company's second quarter results on October 13. Under a share buyback or repurchase, a company buys back its own shares from investors or shareholders. It is seen as an alternative, tax-efficient way to return money to shareholders. Shares of Infosys closed at Rs 1,465 per unit, up 0.95 per cent on the BSE. Last year, the Infosys board had approved an up to Rs 9,200 crore buyback plan, which commenced on June 25, 2021.