Global News

[ad_1] Infosys Share Price Today:  Infosys Limited Shares rose marginally to Rs 1,489 apiece on the BSE in Friday’s opening deals after the IT company reported a better-than-expected over 13 per cent rise in profit in the December quarter. It also raised its annual sales forecast on a strong deal pipeline even as it warned of “constraints" in certain verticals amid slowing global economy. Consolidated net profit rose to Rs 6,586 crore in October-December 2022 as against Rs 5,809 crore a year back. The IT bellwether expects a revenue growth of 16-16.5 per cent for the current financial year compared to a growth of 15-16 per cent it had projected earlier despite the “changing global conditions". However, at 21.5 per cent, the margins were lower than 21.6 per cent expected by the street. It was unchanged on sequential basis. Company’s FY23 revenue growth guidance points to a stable near-term demand outlook, notwithstanding a minor upgrade, CLSA noted. The Bengaluru headquar...

[ad_1] Last Updated: July 21, 2023, 10:42 IST Infosys declared its quarter 1 (FY 2023-24) results on July 20, 2023 Infosys shares have been under selling pressure since stock market's opening; What should investors do now? Infosys Share Price Today:  Infosys shares have been under selling pressure since the stock market’s opening. This comes after, India’s second-largest IT services firm, while announcing its Q1FY24 results, sharply lowered its FY24 revenue guidance to 1.0 per cent - 3.5 per cent in constant currency (CC) terms, compared to 4 per cent -7 per cent guided in the previous quarter. Infosys share price today opened lower and went on to hit intraday low of Rs 1,305 apiece levels, logging around 10 per cent dip within few minutes of stock market’s opening bell today. What Should Investors Do? Analysts tracking the stock have a mixed stance on the stock but maintain that the steep cut in the FY24 revenue outlook was surprising and is a concern. For instance, Motilal O...