Revenue from digital services came in at $1,389 million, which was 44.5 per cent of total revenues, Infosys added.
India's Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in … Market Share of Infosys Consulting's Largest Competitors A competitive analysis shows these companies are in the same general field as Infosys Consulting, even though they may not compete head-to-head.
Updated: 04 Feb 2019, 12:03 AM IST Varun Sood. On an annual basis, Infosys' net profit rose 11.4 per cent from Rs 3,798 crore during the same quarter last year.Infosys shares led sharp gains in the IT pack, pushing the Nifty IT index - comprising technology stocks of rivals Tata Consultancy Services and Wipro - 4 4 per cent higher. The Bengaluru-based software services firm managed to secure large client deals during the COVID-19 pandemic. Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Prabhjote Gill. Infosys reported a 7% rise in revenue from its financial services business to 72.82 billion rupees ($951.39 million), which helped boost its overall fourth-quarter revenue to 232.67 billion rupees. Infosys, Wipro Ltd, and Tata Consultancy Services Ltd … Infosys’ revenue, profit and margin in the red as Coronavirus sweeps over the global economy. Infosys Consulting is a management consulting, IT consulting practice within the larger Infosys organization which works in strategy, IT transformation, change management and business analytics. Infosys Chief Financial Officer Nilanjan Roy warned of near-term pressure on margins because of the virus-led slowdown and said the company had stopped promotions and salary hikes to manage costs.By Derek Francis and Sankalp PhartiyalWipro also warned of “huge pressure” on margins and did not give revenue forecast for the current quarter due to the crisis.That helped the Bengaluru-based company report a quarterly profit of 43.21 billion rupees, compared with a profit of 40.74 billion rupees a year earlier.Infosys added 84 new clients in the fourth quarter to March, compared with 101 a year ago, the company said, while adding that it was seeing “increased client interest” for its cloud computing services.“There will be some sort of recessionary environment,” Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference. Infosys signed $1.74 billion worth of large deals in the three months to June 30, the company said in a statement.In dollar terms, Infosys' revenue declined 2.4 per cent on a sequential basis to $3,121 million, Infosys said in a press release. We’ll be extremely careful with the way we look at costs.”Infosys’ move to set aside its outlook comes a week after bigger rival TCS said the outbreak had “completely reversed” the positive momentum from the first half of the fiscal year.In response to safety measures taken by the company to counter the coronavirus outbreak, Infosys said 93% of its employees were working from home.Infosys reported a 7% rise in revenue from its financial services business to 72.82 billion rupees ($951.39 million), which helped boost its overall fourth-quarter revenue to 232.67 billion rupees.The company’s shares closed 3.9% higher, although the broader market closed flat.BENGALURU (Reuters) - India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe.The United States and Europe, the two biggest markets for the Indian IT industry, have been the worst hit from the coronavirus pandemic as lockdowns to contain the virus have brought their economies to a virtual halt.The company, however, said it did not intend to lay off employees, instead it planned to hire 35,000 new engineers this year.Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts. Revenue from digital services came in at $1,389 million, which was 44.5 per cent of total revenues, Infosys added................................. Advertisement ................................Infosys has guided for 2 per cent revenue growth in constant currency terms for the current financial year while the operating margin is expected to remain in the range of 21-23 per cent, Infosys said.The BSE Sensex was quoting at 36,107, higher by 0.1 per cent and the NSE Nifty was absolutely flat at 10,615 at the time.Infosys guided for 2 per cent revenue growth in constant currency terms for this financial year.Infosys' revenue from operations rose 1.7 per cent to Rs 23,665 crore from Rs 23,267 crore in the previous quarter.