Infosys shares plunge 9% amid sharp cut in revenue guidance for FY24
The company lowered the revenue guidance for FY24 to 1-3.5% in CC terms despite a strong total contract value of $2.3 billion in Q1 FY24.
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Infosys stock jumps 5% post Q2 results
Infosys has delivered a negative return of 13% to its shareholders in the last one year, underperforming the BSE Sensex by 8% during the period.
₹9,300 Infosys share buyback at 30% premium
The board of Infosys on Thursday approved to buyback of 5.02 crore equity shares of the face value of ₹5 at ₹1,850 per share for about ₹9,300 crore.
Infosys Q2 profit up 11% at ₹6,021 cr; declares dividend of ₹16.50 per share
Infosys board has approved a share buyback proposal worth ₹9,300 cr at ₹1,850 per equity share via an open market route.
Infosys President S Ravi Kumar quits ahead of Q2 results; stocks fall 2%
The development comes ahead of the company’s July to September quarter results slated to be released on October 13.
Infosys share falls 2% on cutting employee variable pay for June quarter
Infosys has decided to cut the average variable payout of employees to 70%, citing margin pressure in the first quarter of the current fiscal (Q1 FY23)
Infosys stock tanks 7% after Q4 results; but why...
Shares of India's second-largest software services provider Infosys plunged 7% on Monday.
Infosys shares trade flat ahead of Q4 results; Jefferies maintains 'buy'
Jefferies has maintained a buy call on Infosys with a target at ₹2,135 per share, while ICICI Direct has given a buy call with a target price of ₹2,300.
