Infosys ADR plummets over 6% on weak guidance; stock falls 4%
Post Q2 results, the U.S.-listed shares of Infosys plunged 6.5% to $16.46 in overnight trade on NYSE after the IT heavyweight cut revenue guidance for the second in a row.
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Infosys to release Q2 results, interim dividend on Oct 12
The financial results and proposal for interim dividend, if any, will be presented to the board of directors on October 12, 2023 for their approval,” Infosys says in an exchange filing.
Infosys completes acquisition of Danske Bank’s IT centre in India; stock down
In June this year, Infosys signed a deal to acquire Danske Bank’s IT centre in India, where over 1,400 professionals are employed.
Infosys stock up 1.4% after winning €1.5bn deal from Liberty Global
Infosys to deploy cutting-edge tech like Infosys Topaz AI to offer new features, capabilities, and efficiencies for Liberty Global
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.
Infosys shares up 2% on signing $2-bn deal with existing client
Infosys signs the mega deal ahead of its first quarter earnings, which is slated to be released on July 20.
Infosys shares rise on securing $454 mn deal from Danske Bank
As part of this collaboration, Infosys will acquire Danske Bank’s IT centre in India, where over 1,400 professionals are employed.
Infosys shares extend fall post Q4; should you buy or sell?
The IT heavyweight has fallen 11% in two of three trading sessions post Q4 results, while it lost ₹62,477 crore in market valuation during the same period.
Infosys shares fall 3% ahead of Q4 results; here’s why
Infosys shares currently trade below its average target of ₹1,720.36, a potential upside of 24% from the current market price
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.
