Skip to main content

Market Overview

Infosys Trades Higher On Raised Guidance

Share:

Infosys (NYSE: INFY) reported first-quarter revenues grew year-on-year by 10.6% and revenues grew by 2.3%.

The company's first quarter digital revenues were at $1.1 billion, which is a year-over-year growth of 41.9%.

Infosys raised its full-year sales growth guidance from 7.5%-9.5% to 8.5%-10%.

“We had a strong start to FY 20 with constant currency growth accelerating to 12.4% on year over year basis and digital revenue growth of 41.9%. This was achieved through our consistent client focus and investments which have strengthened our client relationships,” said Salil Parekh, the CEO of Infosys in a statement.

Infosys shares were trading up 3.8% at $11.13 in Friday’s pre-market session.The stock has a 52-week high of $11.38 and a 52-week low of $8.85.

Related Links:

Delta Reports Q2 Earnings Beat

Fastenal Falls After Q2 Earnings Miss

 

Related Articles (INFY)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com