Infosys Stock (NYSE:INFY), Trade Ideas

Infosys

Infosys Limited

NASDAQ

Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).

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Infosys (INFY) exceeded revenue expectations, with flat Y/Y growth and increased EPS. TCV of significant deals was $4.5B. FY25 outlook: 1%-3% revenue growth.

Infosys Stock Falls After Q4 Earnings - What&#39;s Going On?

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Infosys Ltd

BMO Capital analyst Keith Bachman maintains Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) with a Market Perform and lowers the price target from $21 to $18.

Price Target

Analyst Ratings

BMO Capital Maintains Market Perform on Infosys, Lowers Price Target to $18

In the preceding three months, 4 analysts have released ratings for Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $19.02, with a high estimate of $22.00 and a low estimate of $14.00. This current average has increased by 26.8% from the previous average price target of $15.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1713535231_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Infosys by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Negative</td>
<td>$14.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Yogesh Aggarwal</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$20.10</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Lee</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Neutral</td>
<td>$20.00</td>
<td>-</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Infosys. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Infosys compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Infosys's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Infosys's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/INFY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Infosys analyst ratings.</a>
<h2>Delving into Infosys's Background</h2>
Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).
<h3>Financial Insights: Infosys</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Infosys's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.09% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.72%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Infosys's ROE stands out, surpassing industry averages. With an impressive ROE of 7.58%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.68%, the company showcases effective utilization of assets.
Debt Management: Infosys's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.08.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Infosys

Susquehanna analyst James Friedman maintains Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) with a Negative and lowers the price target from $15 to $14.

Susquehanna Maintains Negative on Infosys, Lowers Price Target to $14

HSBC analyst Yogesh Aggarwal downgrades Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Buy to Hold and announces $20.1 price target.

Downgrades

HSBC Downgrades Infosys to Hold, Announces $20.1 Price Target

Infosys Ltd&nbsp;(NYSE:&nbsp;INFY) reported fourth-quarter revenue growth of 0.2% year-on-year to $4.56 billion, beating the consensus of $4.52 billion.
Revenues in constant currency (CC) terms remained flat year over year and declined by 2.2%&nbsp;<a target="_blank" href="https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q4.html" rel="noreferrer noopener">quarter over quarter</a>. EPS of $0.23 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">Street analyst estimate</a>&nbsp;of $0.17, up from $0.18 a year ago.
TCV's significant deal win was $4.5 billion. The operating margin declined by 90 bps to 20.1%.&nbsp;
Infosys held $1.8 billion in cash and equivalents as of March 31, 2024. It generated a free cash flow of $848 million, which grew 18.9% year-over-year at a conversion of 88.4% of net profit.
"We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand. We are working on client programs leveraging large language models with impact across software engineering, process optimization, and customer support," said Salil Parekh, CEO and MD.
Infosys ended the fourth quarter with&nbsp;<a target="_blank" href="https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q4/documents/fact-sheet.pdf" rel="noreferrer noopener">317,240 employees</a>, a reduction of 25,994 from last year.
Dividend:&nbsp;For fiscal 2024, the Board recommended a final dividend of $0.24 per ADS and a special dividend of $0.10 per ADS.
FY25 Revenue Outlook:&nbsp;Infosys expects revenue growth of 1.0% &#8211; 3.0% in constant currency vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus $19.50 billion</a>.
Infosys stock gained over 16% in the last 12 months. Investors can gain exposure to the stock via&nbsp;VanEck ETF Trust VanEck Digital India ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGIN#NYSE">DGIN</a>) and&nbsp;Global X Funds Global X India Active ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NDIA#NYSE">NDIA</a>).
Price Action: INFY shares traded lower by 5.60% at $16.00 in the premarket on the last check Thursday.
Photo via Wikimedia Commons

Infosys Stock Falls After Q4 Earnings - What's Going On?

Acquisition demonstrates Infosys' commitment to the automotive ecosystem and strengthens its footprint across Europe

Infosys To Acquire in-tech; Financial Terms Not Disclosed

<h3>Companies Reporting Before The Bell</h3>
&bull; Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is estimated to report earnings for its fourth quarter.
&bull; Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $5.09 billion.
&bull; Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $18.41 billion.
&bull; TH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THCH#NASDAQ">THCH</a>) is projected to report earnings for its fourth quarter.
&bull; Ohmyhome (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMH#NASDAQ">OMH</a>) is likely to report earnings for its Fiscal Year 2023.
&bull; Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) is likely to report quarterly loss at $0.97 per share on revenue of $2.13 billion.
&bull; Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.65 per share on revenue of $1.20 billion.
&bull; Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $253.42 million.
&bull; Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $4.55 billion.
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $89.01 million.
&bull; Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.98 billion.
&bull; Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is estimated to report quarterly earnings at $2.16 per share on revenue of $5.84 billion.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $807.79 million.
&bull; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.51 billion.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $10.49 per share on revenue of $42.62 billion.
&bull; Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $182.26 million.
&bull; S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $95.94 million.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is likely to report quarterly earnings at $0.91 per share on revenue of $4.43 billion.
&bull; Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is expected to report quarterly earnings at $0.98 per share on revenue of $2.53 billion.
&bull; Iridium Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $193.75 million.
&bull; Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $337.83 million.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $152.67 million.
&bull; Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $2.80 per share on revenue of $6.39 billion.
&bull; Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $240.40 million.
&bull; Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $325.91 million.
&bull; D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is likely to report quarterly earnings at $3.06 per share on revenue of $8.28 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $109.71 million.
&bull; Five Point Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPH#NYSE">FPH</a>) is expected to report earnings for its first quarter.
&bull; Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $92.95 million.
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.67 per share on revenue of $697.64 million.
&bull; Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $174.77 million.
&bull; Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) is expected to report earnings for its first quarter.
&bull; Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $171.99 million.
&bull; First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $22.97 million.
&bull; Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $11.63 million.
&bull; Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $64.56 million.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.50 per share on revenue of $9.26 billion.
&bull; OceanFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $87.72 million.
&bull; PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) is expected to report quarterly earnings at $1.86 per share on revenue of $4.43 billion.
&bull; SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $9.50 million.
&bull; Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $1.87 billion.
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Earnings Scheduled For April 18, 2024

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock increased by 48.7% to $3.33 during Thursday's pre-market session. The market value of their outstanding shares is at $19.7 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) stock increased by 18.61% to $0.19. The market value of their outstanding shares is at $15.1 million. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) stock rose 14.78% to $1.63. The market value of their outstanding shares is at $121.0 million. </li>
<li>Rekor Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) shares increased by 12.97% to $2.09. The market value of their outstanding shares is at $178.3 million. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) shares rose 12.3% to $2.19. The company's market cap stands at $21.0 million. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock increased by 11.88% to $1.6. The company's market cap stands at $97.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) shares decreased by 22.4% to $0.86 during Thursday's pre-market session. The market value of their outstanding shares is at $201.7 million. </li>
<li>VIA optronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIAO#NYSE">VIAO</a>) shares declined by 11.61% to $0.23. The company's market cap stands at $5.2 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock decreased by 10.48% to $0.7. The market value of their outstanding shares is at $11.7 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock decreased by 8.92% to $0.58. The company's market cap stands at $3.1 million. </li>
<li>Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) stock declined by 7.97% to $15.6. The company's market cap stands at $64.5 billion. The company's, Q4 earnings came out today. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares declined by 5.73% to $1.15. The market value of their outstanding shares is at $3.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

WIIM

Infosys shares are trading lower after the company reported Q4 results and issued FY25 guidance.

For the Financial Year 2024, the Board recommended a final dividend of `20 per share (0.24 per ADS) and additionally a special dividend of `8 per share (0.10 per ADS&#x2A;). With this, the total payout over FY20 &ndash; FY 24 will be 85% of Free Cash Flow, in line with our capital allocation policy announced earlier.&nbsp;

For FY24, Infosys Board Recommended a Final Dividend of $0.24/ADS and a Special Dividend of $0.10/ADS

Guidance for FY25: &nbsp;&bull; Revenue growth of 1%-3% in constant currency &bull; Operating margin of 20%-22%&nbsp;

Infosys Expects FY25 Revenue Growth of 1%-3% in Constant Currency Vs $19.5B Est, Operating Margin of 20%-22%

Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.17 by 35.29 percent. This is a 27.78 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $4.56 billion which beat the analyst consensus estimate of $4.52 billion by 0.97 percent. This is a 0.22 percent increase over sales of $4.55 billion the same period last year.

Infosys Q4 EPS $0.23 Beats $0.17 Estimate, Sales $4.56B Beat $4.52B Estimate

Infosys to Snap Engineering R&D Services Provider in-tech Focused on German Automotive Industry for Terms Undisclosed

Infosys ((NSE, BSE, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in next-generation digital services and consulting, today announced a successful collaboration with Proximus, Belgium&rsquo;s leading digital services and communications solutions provider, on the ServiceNow platform. Infosys helped Proximus to standardize its existing processes on the ServiceNow platform and transform its customer service management (CSM) operations

Proximus Revamps Customer Service Operations Platform in Collaboration With Infosys

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Pixelworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxlw#NASDAQ">PXLW</a>)</h3>
<ul>
<li>On Feb. 8, Pixelworks posted a wider-than-expected fourth-quarter loss. &quot;Our fourth quarter results marked a strong finish to the year, which was highlighted by the continued momentum and significant growth of our mobile business,&quot; stated Todd DeBonis, President and CEO of Pixelworks. The company&rsquo;s stock fell around 18% over the past five days and has a <a href="https://www.benzinga.com/quote/PXLW"> 52-week low of $1.01 </a>.</li>
<li>RSI Value: 29.17</li>
<li>PXLW Price Action: Shares of Pixelworks fell 8.4% to close at $1.85 on Friday.</li>
</ul>
<h3>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>)</h3>
<ul>
<li>On Feb. 7, Digital Turbine reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates. The company&rsquo;s stock fell around 37% over the past month. It <a href="https://www.benzinga.com/quote/APPS"> has a 52-week low </a> of $1.87.</li>
<li>RSI Value: 20.30</li>
<li>APPS Price Action: Shares of Digital Turbine fell 8.3% to close at $1.87 on Friday.</li>
</ul>
<h3>Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>)</h3>
<ul>
<li>On April 10, the company expanded its pact with Infosys Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infy#NYSE">INFY</a>) to assist global enterprises in accelerating their AI journeys. The company&rsquo;s stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/INTC"> low of $26.86.</a></li>
<li>RSI Value: 29.96</li>
<li>INTC Price Action: Shares of Intel fell 5.2% to close at $35.69 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38244013/over-1m-bet-on-this-consumer-cyclical-stock-check-out-these-3-stocks-insiders-are-buying"> Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying </a>

Intel Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower in the premarket session on Wednesday.</a>
The company expanded its pact with&nbsp;Infosys Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) to assist global enterprises in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38178396/infosys-topaz-and-intel-collaborate-to-accelerate-enterprise-growth-and-efficiency-with-generative" rel="noreferrer noopener">accelerating their AI journeys</a>.&nbsp;
The advanced artificial intelligence (AI) solutions offered as a part of this collaboration will aim to help businesses become cost effective and performance driven while being responsible by design.
Infosys Topaz, an AI-centric suite aiding businesses in leveraging generative AI, will incorporate Intel&#8217;s solutions like Xeon processors, Gaudi accelerators, and Core Ultra Processors.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, INFY stock has gained over 7% in the past year. Investors can gain exposure to the stock via&nbsp;VanEck ETF Trust VanEck Digital India ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGIN#NYSE">DGIN</a>) and&nbsp;First Trust NASDAQ Cybersecurity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
This integration enables customers to embrace Gen AI and align with evolving AI standards.
Furthermore, Infosys will utilize Intel&#8217;s AI training resources to upskill its workforce on the Intel product portfolio, ensuring they can offer generative AI expertise to clients worldwide.
&#8220;Our approach in bringing AI everywhere is by supporting an open AI software ecosystem and accelerating the adoption of Intel Xeon and Gaudi accelerators for Gen AI use cases,&#8221; said Christoph Schell, Executive Vice President and Chief Commercial Officer, Intel.
&#8220;We believe our collaboration with Infosys and local ISVs is a huge opportunity for us to develop software and tools which can help drive Intel-based technology adoption and reduce the overall TCO for our customers,&#8221; Schell added.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, INTC stock has gained over 17% in the past year. Investors can gain exposure to the stock via&nbsp;ClearBridge Focus Value ESG ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/CFCV#BATS">CFCV</a>) and&nbsp;First Trust Nasdaq Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>).
Price Action:&nbsp;INTC shares are trading lower by 0.97% to $37.96 premarket on the last check Wednesday.&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

What's Going On With Intel Stock Wednesday?

&nbsp;<a href="https://www.infosys.com/" target="_blank">Infosys</a>&nbsp;(NSE: INFY) (BSE: INFY) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in next-generation digital services and consulting, and&nbsp;<a href="https://www.intel.com/content/www/us/en/homepage.html" target="_blank">Intel</a>, a global leader in computing innovation, today announced that they have expanded their strategic collaboration to assist global enterprises in accelerating their AI journeys. The advanced artificial intelligence (AI) solutions offered as a part of this collaboration will aim to help businesses become cost effective and performance driven while being responsible by design.

Infosys Topaz and Intel Collaborate to Accelerate Enterprise Growth and Efficiency with Generative AI

Zand Bank Subscribes To Infosys Finacle's Corporate Banking Suite On Microsoft Cloud For Banking Services

Evolv Technologies Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evlv#NASDAQ">EVLV</a>) shares rallied 14.8% in the last trading session to close at $5.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 12.1% gain over the past four weeks.
Evolv is benefiting from an expanding clientele. It recently inked a partnership with Dignity Health Sports Park (DHSP), home of the five-time MLS Cup Champions, the LA Galaxy. The new partnership officially kicked off at the LA Galaxy&#39;s home opener late last month, where Evolv Express was used to screen guests entering DHSP.
This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -16.7%. Revenues are expected to be $23.17 million, up 24.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Evolv Technologies, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EVLV going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Evolv Technologies is part of the Zacks Computers - IT Services industry. Infosys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/infy#NYSE">INFY</a>), another stock in the same industry, closed the last trading session 2% lower at $17.58. INFY has returned -9.6% in the past month.
Infosys&#39; consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. Compared to the company&#39;s year-ago EPS, this represents a change of -5.6%. Infosys currently boasts a Zacks Rank of #3 (Hold).
<a href="https://www.zacks.com/stock/news/2248912/strength-seen-in-evolv-technologies-evlv-can-its-14-8-jump-turn-into-more-strength?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2248912">To read this article on Zacks.com click here.</a>

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