Infosys (NYSE:INFY) Announces Quarterly Earnings Results

Infosys (NYSE:INFY) announced its quarterly earnings data on Thursday. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19, Yahoo Finance reports. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the business posted $0.18 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Stock Down 1.0 %

Shares of Infosys stock opened at $22.68 on Friday. The firm has a market capitalization of $93.87 billion, a P/E ratio of 29.84, a P/E/G ratio of 3.68 and a beta of 0.99. Infosys has a 52 week low of $16.04 and a 52 week high of $23.48. The firm’s 50 day moving average is $22.65 and its two-hundred day moving average is $19.93.

Analysts Set New Price Targets

INFY has been the subject of several research reports. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Finally, Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.68.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.