Infosys shares fall 4% after mixed Q2 result; know brokerage calls
Infosys delivered mixed Q2FY25 results, with decent revenue growth. However, margins and TCV left much to be desired
Infosys delivered mixed Q2FY25 results, with decent revenue growth. However, margins and TCV left much to be desired
Outside of financial services, other industries are yet to have any change in discretionary spending, says Salil Parekh.
Infosys has delivered a negative return of 13% to its shareholders in the last one year, underperforming the BSE Sensex by 8% during the period.
The board of Infosys on Thursday approved to buyback of 5.02 crore equity shares of the face value of ₹5 at ₹1,850 per share for about ₹9,300 crore.
Infosys board has approved a share buyback proposal worth ₹9,300 cr at ₹1,850 per equity share via an open market route.
Revenue rises 17.3% due to better digital offerings and broad-based growth across business segments.