Infosys to announce Q3 results today

 Bengaluru-based IT major Infosys is set to announce its third-quarter results at 4 PM today, amid global headwinds and slowdown in the US economy.
  • 16:48

    Infosys Results live from its headquarters in Bengaluru

  • 16:42

    “Cash generation was strong during the quarter. Executing on the capital allocation strategy announced in April 2018, we have announced a share buyback program and a special dividend,” said Jayesh Sanghrajka, Interim CFO.

  • 16:39

    Infosys buybacks equity shares from the open market route amounting to Rs 8,260 crore at a price of Rs 800 per share

  • 16:38

    Infosys board clears reappointment of Kiran Mazumdar-Shaw as an Independent Director

  • 16:22

    Infosys Q3 net profit declines 12% at Rs 3,610 crore compared with Rs 4,110 crore in September quarter on a sequential basis.

  • 16:20

      “With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis," says Salil Parekh, CEO and MD of Infosys

  • 16:18

    Infosys sees 10.1% y-o-y revenue growth and 2.7% growth q-o-q in Q3

  • 16:10

    Shares of Bengaluru-based IT behemoth closed at Rs 683.70, up 0.58% on the BSE, prior to the anticipated Q3 results to be announced at 4:00 PM.

  • 16:04

    EBITm could decline 25bps q-o-q to 23.5% as investments and large deal transition costs could offset rupee tailwinds, Equirus Securities added to their speculation

  • 15:55

    US revenues of the company could grow 1.2% q-o-q to $2,955 million led by deal ramp-ups and continued recovery in retail and BFSI, said Equirus Securities

  • 15:29

    Shares of IT major are trading at Rs 684.95, up 0.76% on the BSE.

  • 15:12

    Under Salil Parekh’s leadership, the digital business is the core to all the business strategies of Infosys going forward

    Infosys CEO Salil Parekh

  • 15:06

    The analysts and shareholders need to watch out for the impact of rupee on the company’s revenues in this quarter as it touched an all-time low during the first month of the bygone quarter, against US dollar.

  • 14:56

    Infosys in past two years has seen a lot of its top executives exit.

    In picture: Former CFO M D Ranganath

  • 14:37

    Attrition came down by 70 basis points in the second quarter to 19.9%, as against 20.6% during the first quarter

  • 14:28

    The company is set announce a bonanza for its shareholder, which is likely to be worth Rs 10,400 crore.

  • 14:01

    Infy results: Things to look out for

    Bengaluru-based IT major Infosys will be announcing its third-quarter results later. Here are the five things to watch out for ahead of the results