Free Press Journal
  • Infy trims outlook despite robust Q2

    Bengaluru : Beating analysts’ estimates and despite posting robust quarterly and yearly growth in the second quarter (Q2), global software major Infosys Ltd on Tuesday projected lower annual revenue guidance for fiscal 2017-18 in dollar and rupee terms. Consolidated revenue for the fiscal year ending March 31, 2018 is expected to grow 6.5-7.5 per cent in dollar terms and 3-4 per cent in rupee terms as on September 30 exchange rate of

  • Infosys says some promoters may participate in its share buyback

    Mumbai : Some promoters of Infosys Ltd may participate in the company’s share buyback exercise, the company said in an exchange filing Monday. On Aug 19, the Bengaluru-based information technology major had announced that it would buy back 113.04 mln shares, or 4.9% of the total share capital, at 1,150 rupees apiece, aggregating 130 bln rupees. As at the end of June, promoters and the promoter group held 12.75% stake in the

  • Infosys net flat annually, down quarterly in Q1

    Bengaluru : Software major Infosys Ltd on Friday reported Rs 3,483-crore consolidated net profit for the first quarter (Q1) of fiscal 2017-18, registering 1.4 per cent year-on-year (YoY) flat growth from Rs 3,436 crore in the same period year ago but declined 3.3 per cent sequentially from Rs 3,603 crore quarter ago in rupee terms.

  • Auditors clear Infosys of alleged violations of corporate governance

    Bengaluru : Auditors have concluded investigating various allegations of violation of corporate governance at Infosys Ltd, made by a whistleblower, and have found no evidence of wrong doing, the company said in a release on Friday.