Infosys declines on lowering FY17 revenue guidance to 8-9%

14 Oct 2016

Infosys is currently trading at Rs. 1024.65, down by 27.40 points or 2.60% from its previous closing of Rs. 1052.05 on the BSE.

The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1080.70 and Rs. 996.15 respectively. So far 578240 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278.00 on 03-Jun-2016 and a 52 week low of Rs. 996.15 on 14-Oct-2016.

Last one week high and low of the scrip stood at Rs. 1057.50 and Rs. 996.15 respectively. The current market cap of the company is Rs. 232680.49 crore.

The promoters holding in the company stood at 12.75%, while institutions and non-institutions held 57.71% and 12.77% respectively.

Infosys has reported 7.02% rise in its net profit at Rs 3476 crore for the quarter under review as compared to Rs 3248 crore for the same quarter in the previous year. Total income of the company increased by 10.23% at Rs 15763 crore for Q2FY17 as compared Rs 14300 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported 6.12% rise in its net profit at Rs 3606 crore for the quarter ended September 30, 2016 as compared to Rs 3398 crore for the same quarter in the previous year. Total Income of the company has increased by 10% to Rs 18070 crore for quarter under review from Rs 16428 crore for the quarter ended September 30, 2015.

India’s second largest software exporter has lowered its revenue guidance (constant currency) for FY17. The company cut its FY17 revenue guidance for second time this year to 8-9 per cent against 10.5-12 forecasted earlier.

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