Infosys said that it would pay out 100% variable bonus to employees for the quarter ended December. As part of it's strategy to boost employee morale, the company is also gifting Apple's latest iPhone 6 to 3,000 top performers across geographies and job roles.
Friday, 9 January 2015
Infosys Ltd maintained dollar revenue guidance of 7 to 9%. Infosys volume growth stood at 4.2%.
The company has posted a net profit of Rs. 32500 million for the quarter ended December 31, 2014 as compared to Rs. 28750 million for the quarter ended December 31, 2013.
Infosys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 09, 2015, inter alia, has transacted the following business:
Approved the Notice of Postal Ballot for seeking shareholders’ approval pertaining to appointment of Prof. Jeffrey Lehman and Prof. John Etchemendy as independent Directors.
The Company had on August 21, 2014 made a grant of 22,794 restricted stock units to Dr. Vishal Sikka, Chief Executive Officer and Managing Director. However, Dr. Sikka, as of that date, was eligible to receive 27,067 RSUs. The Company has on January 09, 2015 corrected the error by granting the differential RSUs.
The stock after a positive start had tumbled over 4 per cent from the morning highs of Rs. 1,997 to a low of Rs. 1,914 on anxiousness ahead of the earnings announcement. However, the stock soon recouped losses and soared to a high of Rs. 2,040 - up 8.2 per cent from the day's low after the company announced its Q3 numbers. The stock is now trading at the day's high, up nearly 5 per cent at RS. 2,070.