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Infosys Limited
Sector:IT IT - Software - Large
Market Lot: 1Face Value: 5ISIN Demat: INE009A01021
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Business Profile
Infosys Technologies Limited provides consulting and information technology services to clients globally by delivering end-to-end business solutions. Infosys provides solutions for a dynamic environment where business and technology strategies converge. Its solutions include application development and maintenance, corporate performance management, enterprise quality services, infrastructure services, product engineering and systems integration.

The company caters to industries such as banking and capital markets, automotive, healthcare, insurance, media and entertainment, utilities and transportation.

The company`s next thrust seems to be China. This is quite evident from the fact that the company is planning to hire nearly 1,000 people in Shanghai. The company is also planning to set up its first disaster recovery centre complete with infrastructure, network connections, telecommunication facilities as well as back-up client data in the island of Mauritius.

The company disclosed rise of 38.32% in consolidated net profit on y-o-y basis to Rs 51.29 billion, while total income rose 3.66% y-o-y basis to Rs 187.56 billion for the quarter ended December 2017.

Recent Developments
Infosys Foundation, the philanthropic arm of Infosys, today announced that it has signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation (BMRCL) towards the construction of a station at Konappana Agrahara, in Electronics City.

Infosys, India's second largest software exporter, announced a rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company rose 3.7% to Rs 36.12 billion from Rs 34.83 billion in the same quarter last year. On sequential basis, the company registered up of 2.1% in the net profit.

Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys, and Santander UK, a leading financial services provider in the UK, today announced the launch of a new inter-bank cash management system for its corporate customers.

Infosys, a global leader in consulting, technology and next-generation services, today announced that it has strengthened its footprint in France by establishing a Digital Center of Excellence in Marseille.

Infosys announced today that the voluntary delisting of its American Depositary Shares (ADSs) from the Euronext Paris and Euronext London exchanges has been approved by the Board of Directors of Euronext Paris SA and by Euronext London.

Infosys, a global leader in consulting, technology and nextgeneration services today announced that Gartner, Inc. has positioned Infosys as a Leader in its Magic Quadrant for Oracle Application Services, Worldwide (Europe, Middle East and Africa, North America and Asia Pacific).

Infosys, a global leader in consulting, technology and next-generation services, today announced that it has completed the acquisition of WONGDOODY, a US-based, full-service creative and consumer insights agency.

Infosys announced on Friday that Ravi Venkatesan, Independent Director is stepping down from the Board to accept an exciting new role. Venkatesan has been an independent director since 2011 and served briefly as Co-Chairman before successfully transitioning this responsibility when Nandan Nilekani became Chairman in August 2017.

In Brief

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