This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago
CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets
'I was completely wrong,' Murthy rues not allowing founders' children to join the company
Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore
CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index
From InfosysQ2 net profit beating estimates, SC asking govt to prepare an action plan on compound interest waiver by Nov 2, Business Standard brings you top news of the evening
Infosys' profit before tax (PBT) stood at Rs 5,792 crore, up 12 per cent year-on-year (YoY).
While the company's revenue grew by 8.5 per cent year-on-year to Rs 23,665 crore, its profit before tax (pre-tax profit) was up by 12.1 per cent year-on-year
Infosys, in its June quarter results announcement, had revised its FY20 revenue guidance to 8.5-10 per cent year-on-year (YoY) in constant currency (CC) terms
Infosys' Q1FY20 results come at a time when Gartner, the US-based global research and advisory firm, has lowered its projection of worldwide IT spending growth in 2019 to $3.74 trillion.
Revenue is reported at Rs 192.18 bn vs Rs 180.83 bn (QoQ). The company has maintained FY19 constant currency growth maintained AT 6-8%
The main reason for the lower margin guidance is investments in the digital business
Q2 profits up 3.2% to Rs 3726 crore