financetom
Business
financetom
/
Business
/
Infosys' Fiscal Q1 Earnings, Revenue Rise; 2025 Revenue Guidance Raised
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Infosys' Fiscal Q1 Earnings, Revenue Rise; 2025 Revenue Guidance Raised
Jul 18, 2024 4:22 AM

06:51 AM EDT, 07/18/2024 (MT Newswires) -- Infosys ( INFY ) reported fiscal Q1 earnings of $0.18 per diluted share, up from $0.17 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Revenue for the quarter ended June 30 was $4.71 billion, up from $4.62 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.66 billion.

The Indian digital service provider said it now expects fiscal 2025 revenue growth of 3% to 4% in constant currency, compared with its previous guidance of a 1% to 3% rise.

Shares of Infosys ( INFY ) were up 4.7% in recent Thursday premarket activity.

Price: 21.46, Change: +0.93, Percent Change: +4.53

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Micron Technology's Bullish AI-Driven Outlook, Strong Fourth-Quarter Financials Quiet Negativity
Micron Technology's Bullish AI-Driven Outlook, Strong Fourth-Quarter Financials Quiet Negativity
Oct 3, 2024
03:27 PM EDT, 09/26/2024 (MT Newswires) -- Micron Technology's ( MU ) bullish outlook for the new fiscal year, combined with its strong fiscal fourth-quarter earnings, upended negative sentiment heading into its late-Wednesday earnings release. Fueled by robust artificial intelligence demand, particularly in the data center space, Micron now sees the market for its high-bandwidth memory, or HBM, products eclipsing...
TKO Group Reaches New $375 Million Settlement With UFC Fighters in Lawsuit
TKO Group Reaches New $375 Million Settlement With UFC Fighters in Lawsuit
Oct 3, 2024
02:47 PM EDT, 09/26/2024 (MT Newswires) -- TKO Group ( TKO ) said in a filing Thursday it reached a new $375 million settlement on claims asserted in class action lawsuit filed by former UFC fighters. The revised settlement, which comes after a recent court rejection of an earlier $335 million proposed settlement over two separate lawsuits, will be submitted...
Nordstrom Downgraded: Analyst Highlights Consumer Pressure And Potential M&A Impact
Nordstrom Downgraded: Analyst Highlights Consumer Pressure And Potential M&A Impact
Oct 3, 2024
KeyBanc Capital Markets analyst Ashley Owens downgraded Nordstrom ( JWN ) from Overweight to Sector Weight. The analyst highlights several encouraging key priorities, including improvements in the Nordstrom ( JWN ) banner, identification of operational efficiencies, and continued in Rack growth. Sell-through during the second quarter’s anniversary sale met expectations, while regular-price sales and increased customer visits reflect solid brand...
American Eagle Sues Amazon for Trademark Infringement: Report
American Eagle Sues Amazon for Trademark Infringement: Report
Oct 3, 2024
American Eagle Outfitters, Inc. ( AEO ) shares traded higher on Thursday. The company reportedly sued Amazon.com, Inc. ( AMZN ) for trademark infringement and filed a complaint in Manhattan federal court. The company alleges that Amazon ( AMZN ) used its Aerie clothing line branding in search results, misleading consumers to “inferior quality knock-offs,” reported Reuters. As per the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved