Key Points
Infosys on Thursday said it recorded an 8% year-on-year increase in fourth-quarter net profit to 6,128 crore..
The company has estimated weak revenue growth of 4-7% for FY24, citing uncertain market conditions...
Infosys delivered a surprisingly weak set of numbers for Q4 and missed street estimates on all multiple fronts on the back of unplanned project ramp-downs and cancellation across sectors, said Sanjeev Hota, head of research, Sharekhan by BNP Paribas...
We have seen unplanned project ramp-downs with some of our clients due to delay in decision making and that resulted in lower volumes, and also one-time revenue impact, he said...
Although uncertainty remained in the market, he said, thedeal pipeline was extremely strong, with several mega deals and opportunities for cost efficiency, and consolidation opportunities..
You might be interested in
Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore
13, Apr, 23Infosys March quarter consolidated net profit rises 7.8 pc year-on-year to ₹6,128 crore: Regulatory filing.
Infosys Q4 numbers disappoint Street. 5 key takeaways
13, Apr, 23The company has also declared a final dividend of Rs 17.50 per equity share for the financial year ended March and fixed June 2 as the record date for the same.
TCS Q3 results: India’s largest software major sees 2% rise in profit to Rs 11,058 crore
11, Jan, 24India Business News: Tata Consultancy Services (TCS) announced its Q3 financial results, reporting a 2% YoY growth in net profit to Rs 11,058 crore. However, the profit fe
Divi’s Labs Q4 Results: Cons PAT slumps 64% YoY to Rs 321 crore; Rs 30/share dividend declared
20, May, 23Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), plunged 56% YoY to Rs 488 crore in Q4, and operating margin shrunk a whopping 1886 basis points to 24.99%.
Infosys ADRs slump nearly 9% on NYSE on weak Q4 numbers, subpar guidance
13, Apr, 23ADRs of Infosys are currently trading 8.51% lower at $15.62. A poll by ET Now had expected Infosys to clock a profit of Rs 6,550 crore and revenue at Rs 38,850 crore
Infosys Q3 results today: Drop in revenue, margins likely amid IT slowdown
11, Jan, 24Narayana Murthy's firm Infosys will be releasing its Q3 results today, and it is likely that there will be a dip in the revenue of the company.
Cloudflare raises full-year forecasts as tech spending bounces back
04, Aug, 23Software firm Cloudflare (NET.N) raised its annual revenue and profit forecasts after delivering better-than-expected results for the second quarter on Thursday, sending its shares up nearly 6% in extended trading.
Nestle India Q3 Results: Profit surges 37% YoY to Rs 908 crore; firm declares Rs 140 per share interim div
19, Oct, 23Nestle India reported a 37% increase in net profit for the quarter ending September 30, 2023, reaching Rs 908.1 crore. Revenue from operations also rose by 9.4% YoY to Rs 5,036.82 crore. The company achieved a milestone of crossing Rs 5,000 crore in turnover for the quarter and recorded a double-digit domestic sales growth of 10.3%. Nestle India announced a second interim dividend of Rs 140 per share and approved a stock split.
LTIMindtree Q1 Results: PAT rises 4% YoY to Rs 1,151 crore; revenue rises 14%
17, Jul, 23Both profit and revenue were slightly below the estimates. ET Now poll saw the profit figure around Rs 1194 crore, while revenue was seen at Rs 8,770 crore.
L&T Tech Q3 Results: Net profit rises 13% YoY to Rs 336 crore
16, Jan, 24Revenue from operations during the third quarter jumped 12% year-on-year (YoY) to Rs 2,422 crore. The same stood at Rs 2,157 crore a year ago