Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary spending, said Emkay Global.
The company has appointed Jayesh Sanghrajka as the new CFO. The company noted a deep sense of appreciation for the services rendered by Roy and for his contributions to the company. Jayesh has over 25 years of experience across a wide spectrum of finance functions. He has worked at Infosys for 18 years – first between 2000-07 and currently since December 2012.
“Looking at the crude price, yes, there is a significant supply pressure. We have seen in last couple of trading session in crude oil prices, even if you look at the daily as well as the weekly setup.”