Infosys (NYSE:INFY) Issues Quarterly Earnings Results

Infosys (NYSE:INFY) announced its earnings results on Friday. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01, RTT News reports. Infosys had a return on equity of 25.70% and a net margin of 17.74%. The business had revenue of $23.09 billion for the quarter, compared to the consensus estimate of $231.76 billion. During the same period last year, the business posted $0.12 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Infosys updated its FY 2020
Pre-Market guidance to EPS.

Infosys stock traded up $0.17 during midday trading on Friday, hitting $10.65. The stock had a trading volume of 30,787,811 shares, compared to its average volume of 8,054,096. The business has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.65. Infosys has a 12 month low of $8.76 and a 12 month high of $12.08. The stock has a market cap of $45.15 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.03 and a beta of 0.43.

INFY has been the topic of a number of analyst reports. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 10th. Zacks Investment Research lowered Infosys from a “hold” rating to a “sell” rating and set a $11.00 price objective for the company. in a research note on Wednesday, December 11th. Citigroup downgraded Infosys to a “hold” rating in a report on Monday, October 14th. UBS Group lowered Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Finally, ValuEngine upgraded Infosys from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.87.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Earnings History for Infosys (NYSE:INFY)

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