Infosys Q4 profit beats estimates on key client wins
Infosys Ltd, India’s second-biggest software services exporter, reported a slightly higher-than-expected fourth-quarter profit as the company added more clients in the $100 million-plus category.
Consolidated net profit for the Bengaluru-based company rose 0.2% to Rs 36.03 billion in the quarter, while revenue grew 3.4% to Rs 171.20 billion.
Analysts, on average, had expected Q4 consolidated profit of Rs 35.67 billion, according to Thomson Reuters data.
The company, in the spotlight recently due to differences between founders and board members over governance issues, has beaten analysts’ profit estimates in seven of the last nine quarters.
Enter your email to get our daily newsletter in your inbox
- The first crew will spend eight days at the space station, and will take one or two days to get there aboard a SpaceX Dragon capsule following liftoff from Cape Canaveral. Each of these first paying customers intends to perform science research in orbit.
- Founded in Hong Kong but headquartered in Britain, HSBC has historically tried to remain politically neutral. Recently however it has shown support for Beijing, most notably last June when its top executive in Asia signed a petition backing China’s imposition of a national security law on Hong Kong.
- Medical staff in hospitals wore bulky personal protective equipment (PPE) for hours, leaving them dehydrated, exhausted and drenched in sweat.
- Several high-frequency indicators such as the Nomura India Business Resumption Index (NIBRI), Purchasing Managers’ Indices (PMI) show a strong sequential recovery in the economy.