Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

Infosys Shares Jump 6% After Q1 Results; Key Takeaways from Earnings

Infosys reported a net profit of Rs 3,802 crore for the June quarter, up 5.3% on a year-on-year basis, but down 6.8% compared with the previous quarter.

Trending Desk

Updated:July 15, 2019, 11:19 AM IST
facebookTwitter Pocket whatsapp
Infosys Shares Jump 6% After Q1 Results; Key Takeaways from Earnings
Representative image

Infosys Ltd shares jumped nearly 6% in early trade on Monday after the IT company’s first (Q1) earnings beat analyst expectations on all major fronts – revenue, profit and margins.

At 10:15am, the Infosys stock was trading at Rs 769.95, up 5.9%, on BSE. Here are key takeaways from Infosys Q1 results:

— Infosys reported a net profit of Rs 3,802 crore for the June quarter, up 5.3% on a year-on-year basis, but down 6.8% compared with the previous quarter.

— Infosys’ dollar revenue grew by 2.3% to $3,131 million for the June quarter when compared with the previous quarter.

— The rupee revenue rose to Rs 21,803 crore during the June quarter, up 1.2% sequentially and 14% y-o-y.

-- Infosys margins stood at 20.5% for the June quarter compared with 21.44% seen in the previous quarter.

— Infosys increased FY20 revenue growth guidance to 8.5-10% in constant currency terms, while maintaining operating margin guidance range of 21-23%.

— Most of the business segments witnessed growth during the June quarter, with double-digit year-on-year growth seen in communications, energy-utilities-resource-services, manufacturing, and hi-tech.

— Infosys’ revenue from India contracted 1.1% on a year-on-year basis. The North America business grew 13.5% y-o-y, followed by Europe which saw a gain of 7.2%. Revenue from rest of the world grew by 5.9% during the same period.

— Infosys also said it has reported record deal wins of $2.7 billion in the June quarter.

— Infosys said it has revised its capital allocation policy upwards to distribute about 85% of free cash flows cumulatively over a five-year period, from 70% earlier by way of dividend and/or buyback.

— Infosys said it was on track towards completing its previously announced share buyback of Rs 8,260 crore, adding that it had bought back shares worth Rs 5,934 crore to date.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ahona Sengupta
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 42.75 4.40
AAVAS Financier 1,951.00 -2.43
Infosys 782.95 -0.20
Alembic Pharma 590.20 0.03
Reliance 1,521.70 -0.35
Top Gainers
Company Price Change %Gain
UltraTechCement 4,641.05 2.47
Tech Mahindra 787.50 2.43
Kotak Mahindra 1,643.95 2.35
Larsen 1,359.80 2.03
Axis Bank 737.30 2.01
Top Losers
Company Price Change %Gain
Power Grid Corp 196.95 -2.14
IndusInd Bank 1,316.00 -1.21
Tata Motors 186.45 -1.04
Sun Pharma 447.70 -0.49
TCS 2,184.60 -0.40

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results