infosys ltd-sp adr (INFY) Key Developments
Infosys Seeks Acquisitions
Jul 23 15
Infosys Ltd. (NSEI:INFY) is looking for acquisitions. Vishal Sikka, the Chief Executive Officer and Managing Director of Infosys said that the company is looking to acquire innovative startups and hope that such acquisitions will add $1.5 billion to its $20 billion 2020 revenue target.
Infosys Limited Provides Revenue Guidance for the Year Ending March 31, 2016
Jul 21 15
Infosys Limited provided revenue guidance for the year ending March 31, 2016. For the year ending March 31, 2016, the company expects revenue to grow 10%-12% in constant currency and to grow 7.2%-9.2% in USD terms.
Infosys Ltd. Appoints Roopa Kudva as Chairperson of the Audit Committee
Jul 21 15
Infosys Ltd. announced that the Board of Directors of the company at its meeting held on July 21, 2015, appointed Roopa Kudva as the Chairperson of the Audit Committee with effect from July 21, 2015.
Infosys Ltd. Announces Audited International Financial Reporting Standards Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2015
Jul 21 15
Infosys Ltd. announced audited international financial reporting standards consolidated and standalone earnings results for the first quarter ended June 30, 2015. For the quarter, on consolidated basis, the company reported revenues of INR 143,540 million compared to INR 127,700 million a year ago. Operating profit was INR 34,470 million compared to INR 32,110 million a year ago. Profit before income taxes was INR 42,050 million compared to INR 40,400 million a year ago. Net profit was INR 30,300 million or INR 13.26 per basic and diluted share compared to INR 28,860 million or INR 12.63 per basic and diluted share a year ago.
For the quarter, on standalone basis, the company reported income from software services and products of INR 127,380 million compared to INR 113,190 million a year ago. Profit before exceptional item and tax was INR 39,930 million compared to INR 37,950 million a year ago. Profit before tax was INR 39,930 million compared to INR 37,950 million a year ago. Net profit was INR 28,970 million compared to INR 27,200 million a year ago. Basic and diluted earnings per share were INR 12.61 against INR 11.90 a year ago. Profit from operations before other income was INR 32,740 million compared to INR 30,050 million a year ago.
Infosys Ltd. Provides Consolidated Revenue Guidance for the Full Year Ending March 31, 2016
Jul 21 15
Infosys Ltd. provided consolidated revenue guidance for the full year ending March 31, 2016. The company's outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows: revenues are expected to grow 10%-12% in constant currency; revenues are expected to grow 11.5%-13.5% in INR terms. The effective tax rate to be between 29% to 30%.