New Delhi: IT giant Infosys reported a 7 per cent year-on-year rise in Q1 net profit to Rs 6,368 crore. The company revised its FY25 revenue guidance to 3-4 per cent from 1-3 per cent earlier. Infosys’ profit rose on the back of pricing stability and a recovery in the US financial services sector including cards and payments.
#InfosysQ1FY25 pic.twitter.com/yZPDtnee4z
— Infosys (@Infosys) July 18, 2024
Infosys share price history
Infosys’ share price rise 3,23 per cent to Rs 1,814.90 apiece at 12:26 pm on Froday.
The company’s stock was up 8.13 per cent in the past 5 days.
Infosys’ share price rose 20 per cent in the past month
Infosys’ stock value jumped 9.38 per cent in the past 6 months
Infosys’ share price rose 23.06 per cent in the past year.
Infosys hiring freshers
Infosys shared plans to resume campus hirings with an aim to give letters to 15000-20000 freshers in the ongoing fiscal year FY25.
The company will use a combination of on- and off-campus hiring in line with its agile hiring strategy. The company reported a 2,000 headcount decline in Q1FY24.
The hiring will be focused on project requirements and may include lateral hires.
#InfosysQ1FY25 315,332 total employees as on June 30, 2024.
— Infosys (@Infosys) July 18, 2024
Infosys share price target
Nuvama revised Infosys’ share price target to Rs 2,050 with a BUY rating
Jefferies raised its share price target for Infosys to Rs 2,040 apiece with a BUY call
Bernstein gave an outperform call on Infosys’ stock with a share price target of Rs 2,100 apiece
Nomura maintained a BUY call on Infosys with a share price target of Rs 1,950 apiece.
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Infosys share price: The IT giant reported a 7 per cent jump in Q1 net profit led by a recovery in the US financial services sector. Infosys’ share price rose over 3 per cent on Friday. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
