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Infosys Shares Tank Over 9% As Q4 Profit Misses Street Expectations

Infosys Shares: Shares of Infosys tanked 9 per cent in early trade on Monday, wiping out Rs 47,907.7 crore from its market valuation, after the company's March quarter earnings came in below expectations. ....

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HDFC Bank, Infosys shares slip up to 9% post Q4 results; should you buy the dip?

Private sector lender HDFC Bank and IT major Infosys, which together hold nearly 18 per cent weightage in the Nifty index, retreated up to 9 per cent after lower-than-expected financial results for the quarter ended March 31. ....

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Infosys To Move Business Out Of Russia Amid Invasion Of Ukraine

Several other global IT and software players including Oracle Corp and SAP SE have either suspended or paused all operations in Russia ....

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Infosys Q4 results: Infosys expects double digit growth in FY22, to give second hike in July

Infosys also said it is buying back shares worth $1.2 billion (about Rs 9,200 crore) this year and paying a dividend of $850 million. (File photo)
BENGALURU: Buoyed by strong new-age digital deals, which now make up more than half of its topline, Infosys said it expects its revenue in 2021-22 to grow at 12-14% on a constant currency basis.
The double-digit growth reflects a sharp turn-around from the difficulties in the early months of the pandemic.
“The guidance is a strong indication that we see very good demand.Demand is broad-based, almost all of the industries are providing a good outlook for demand,” CEO & MD Salil Parekh said on Wednesday during the results announcement. ....

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Sensex today | Sensex rises nearly 100 points, Nifty above 14,550; Infosys plunges over 4% post Q4 earnings

Updated Apr 15, 2021 | 09:56 IST
Sensex today: Nifty IT, the IT sub-index of NSE, was down 1.30% led by Infosys, which fell over 4%.
Sensex today
New Delhi: The BSE Sensex and the Nifty opened higher on Thursday tracking mixed global cues. however, gains were capped as IT stocks led by Infosys witnessed correction after the company reported its fourth quarter earnings yesterday. As of 9:21 am, the Sensex was down 94 points or 0.19% at 48,638.37 and the Nifty50 index was higher by 42.50 points or 0.29% at 14,547.30. Nifty IT, the IT sub-index of NSE, was down 1.30% led by Infosys, which fell over 4%.
Infosys on Wednesday reported a 17.4% jump in fourth quarter profits to Rs 5,076 crore and 13.1% growth in revenue to Rs 26,311 crore. Operating margins stood at 24.5%, an increase of 3.3%. The company grew 2% in dollar terms sequentially over the third quarter. ....

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