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Infosys: Beating Expectations

Jul 10, 1999

Infosys Technologies Ltd. has announced better than expected results for the first quarter of FY2000. The company has reported a 156% YoY growth in net profits at Rs 236 m. Infosys Technologies Ltd., one of India's best known software companies, has moved up the value chain from an on-site to offshore developer, then to product development, and finally towards providing complete solutions. The company has 10 development centers and a 100% subsidiary in the United States, to develop and market software products in warehousing management.

Infosys has reported a total income of Rs 1.84 bn (up 86.9% over the corresponding period last year) for the first quarter of the current year. The company has been able to benefit from a depreciated currency, increased exports and a focus on e commerce related activities. This renewed focus of the company is likely to be a source of strong earnings growth over the years.

The company has received 19 new clients during the years. These include Amazon.com, and Value America

Market View:
Infosys is being positioned as a global infotech company, providing complete solutions. Apart from this, the company's management reputation and insignificant exposure to Y2K related businesses, has led the analysts to rate the stock as a 'BUY'.

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INFOSYS Announces Quarterly Results (3QFY21); Net Profit Up 16.8% (Quarterly Result Update)

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For the quarter ended December 2020, INFOSYS has posted a net profit of Rs 52 bn (up 16.8% YoY). Sales on the other hand came in at Rs 259 bn (up 12.3% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

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