Infosys on Friday reported a 2.21 per cent year-on-year fall in consolidated profit at Rs 4,019 crore for the quarter ended September 30. The IT major had posted a profit of Rs 4,110 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a net of Rs 4,040.
Watch Infosys Q2 results: Firm posts profit of Rs 4,019 cr With HD Quality.
Infosys on Friday reported a 2.21 per cent year-on-year fall in consolidated profit at Rs 4,019 crore for the quarter ended September 30. The IT major had posted a profit of Rs 4,110 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a net of Rs 4,040.
Watch Infosys Q2 results: Firm posts profit of Rs 4,019 cr With HD Quality
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IT major Infosys on Friday reported a 5.3 per cent year-on-year rise in profit at Rs 3,802 crore for the June quarter. Sequentially, profit fell 6.8 per cent. Analysts in an ET NOW poll had projected a net of Rs 3,730 crore. The company has increased FY20 revenue growth guidance to 8.5-10 per cent in constant currency, while maintaining FY20 operating margin guidance in range of 21-23 per cent.
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Watch Infosys Q1 results: Profit rises 5% to Rs 3,802 crore; firm raises guidance for FY20 With HD Quality
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Infosys, India’s second largest IT firm, on Friday reported 29.62 per cent drop in consolidated net profit at Rs 3,610 crore for December quarter. The IT firm had posted Rs 5,129 crore profit in the corresponding quarter last year, the company said in a BSE filing. The company announced a share buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. It also announced a special dividend of Rs 4 per share.
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Infosys shares nosedived nearly 17 per cent on Tuesday in their worst single-day drop in over six years, wiping out investors' wealth worth nearly Rs. 54,000 crore. Watch the video to find out the details.
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Infosys retains revenue growth guidance after 10% profit jump
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Watch Infosys retains revenue growth guidance after 10% profit jump With HD Quality
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Infosys on Friday beat Street estimates to report a 23.49 per cent year-on-year rise in profit at Rs 4,457 crore compared with Rs 3,609 crore posted for the same quarter last year. Analysts in an ET NOW poll had estimated the number at Rs 4,204.50 crore.
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TCS, India’s largest IT firm by revenue, on Thursday reported a 24.1 per cent rise in YoY profit at Rs 8,105 crore for the December quarter.The IT major had reported Rs 6,531 crore profit in the same quarter last year. Revenue for the quarter rose 20.80 per cent YoY to Rs 37,338 crore.
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Telecom operator Bharti Airtel Thursday reported a 72 per cent drop in consolidated net income for the three months ended December 2018 at about Rs 86 crore amid market turbulence triggered by cut-throat competition. The net income stood at Rs 306 crore in the same period of the previous year. Total revenue for the December 2018 quarter stood at Rs 20,519 crore, just 1 per cent higher than the Rs 20,319 crore in the corresponding period of the previous year.
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State-run Punjab National Bank on Tuesday reported a 7.12 per cent year-on-year (YoY) jump in net profit at Rs 246.51 crore for the December quarter, beating Rs 9,800 crore loss estimated by analysts in an ET Now poll by a mile.
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