Revenue Update on Infosys Ltd ADR(NYSE:INFY)

Infosys Ltd ADR(NYSE:INFY) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jul 14, 2016. Company reported revenue of $2.50B. Analysts estimated a revenue of $2.55B. Earnings per share were $0.22. Analysts had estimated an EPS of $0.23.

In a different note, On May 26, 2016, Goldman Sachs said it Upgrades its rating on Infosys Ltd ADR. The shares have been rated ‘Buy’ by the firm.

Infosys Ltd ADR (INFY) made into the market gainers list on Mondays trading session with the shares advancing 0.06% or 0.01 points. Due to strong positive momentum, the stock ended at $16.82, which is also near the day’s high of $16.856. The stock began the session at $16.76 and the volume stood at 65,00,469 shares. The 52-week high of the shares is $20.47 and the 52 week low is $15.71. The company has a current market capitalization of $38,444 M and it has 2,28,56,33,500 shares in outstanding.

Infosys Limited is engaged in consulting technology outsourcing and next-generation services. The Company’s solutions include application development and maintenance independent validation services infrastructure management engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting enterprise solutions and package implementation systems integration and business intelligence; Products business platforms and solutions and technologies such as cloud computing enterprise mobility digital big data and analytics. Its segments are Financial Services and Insurance Manufacturing Energy and utilities Communication and Services Retail Consumer packaged goods and Logistics Life Sciences and Healthcare and Growth Markets.

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