Infosys is india’s 2nd biggest company in terms of market cap and customer handling. Infosys started by N Narayana Murthy in 1990. In early era Infosys and TCS introduce information Technology sector in india.
Infosys stand at 2 position with more than market cap of 5,30,000 Crores. Company having great fundamental with negligible debt.
Currently company’s stock was trading at a PE of 22 which is lower as compared to its peer LTIMindtree and TCS, while Wipro and Tech Mahindra was trading at 18 price to earning ratio.
Infosys reported its Q4 FY23 results on April 13, 2023. However, latest PAT jumped by 7.8% from Rs 5,686 crore in Q4 of FY22. The profits are attributable to the owners of the company.
The company’s revenue for the quarter was Rs 37,441 crore, down by 2.2% from Rs 38,770 crore in the preceding quarter. However, revenue grew by 8.8% YoY. The company’s operating margin stood at 21% in Q4.
Infosys’ CEO, Salil Parekh, said that the company’s performance in Q4 was “solid” and that it “continues to see strong demand for our services”. He added that the company is “well-positioned” to continue to grow in the coming quarters.
Infosys Q1 Results Date 2024 ?
Infosys management held board meeting on 19 and 20 july 2023. Financial results of infosys will be out on 20 july 2023 after board of meeting will end.
Company announce dividend in last last quarter Q4 FY22-23 of rupees 17, currently company not provide much details about dividend in this quarter.
Infosys Stock Will Outperformed or Not ?
From last one years infosys gave negative returns to its investors. In may stock was traded at 1,585 per share stock fall to 1,370 levels then again due to week quarter stock fall to 1,200 levels. If this quarter beat estimates then stock will break its resistance of 1,600 and make new high.
Company’s revenue got double in last 5 years. In 2018 company post 82,000 net revenue that jumps in 2023 to 1,55,000 crores.