Friday, 24 April 2015

Infosys declines after announcing weak Q4 results

Infosys announced results during market hours today, 24 April 2015. The stock hit a high of Rs 2,150 and a low of Rs 2,054.40 during the day and a record high of Rs 2,335.20 and a 52-week low of Rs 1,447.
The stock had underperformed in the past one month falling 4.92% but outperformed in past one quarter, declining 4.13%.
The large-cap IT services provider has an equity capital of Rs 574.24 crore. Face value per share is Rs 5.
Consolidated net profit fell 4.6% to $498 million on 2.6% decline in revenues to $2159 million in Q4 March 2015 over Q3 December 2014.

Infosys acquires Kallidus for USD 120 million

Infosys Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2015, inter alia, has transacted the following business :
  • Approved the definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, for a consideration of USD 120 Million including a deferred component and retention bonus.
  • Approved the definitive agreement for an early-stage investment of USD 2 Million in Airviz, to acquire a minority share. 
  • Approved the Transfer of the business of Finacle and EdgeServices to the Company’s subsidiary- EdgeVerve Systems Limited.

Infosys outcome of board meeting

Infosys at the board meeting held today 24 April 2015, has approved, the definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, for a consideration of USD 120 Million including a deferred component and retention bonus, definitive agreement for an early-stage investment of USD 2 Million in Airviz, to acquire a minority share, and the transfer of the business of Finacle and EdgeServices to the Company's subsidiary- EdgeVerve Systems

Infosys stock down 6% on Q4 results

Shares of Infosys Ltd were trading lower 6% at Rs. 1,992 today. Company booked net profit of Rs. 3,097 crore in the quarter ended March 2015 as against Rs. 3,250 crore during the previous quarter ended March 2014. Company recommended a final dividend of Rs. 29.50/- per equity share (equivalent to Rs. 14.75 per share after 1:1 bonus issue, if approved by shareholders) for the financial year ended March 31, 2015. The stock opened at Rs. 2,131 as against the previous close of Rs. 2,123. It has hit a high of Rs. 2,150 and a low of Rs. 1,982. Total traded quantity on the counter stood at over 15.20 lakh shares. Meanwhile, the benchmark is closed at 27,586 down 149 points.

Infosys Board approves Bonus Issue in ratio of 1:1

Infosys Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2015, has Considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depository Share (ADS) for every ADS held, subject to shareholders approval. Consequently, the ratio of equity shares underlying the ADS held by an American Depository Receipt holder would remain unchanged. 
Bonus issue of equity shares and ADSs will be subject to approval by the shareholders, and any other applicable statutory and regulatory approvals.

Infosys Q4 net profit at Rs. 3,097 Cr

Infosys Ltd has posted a net profit of Rs. 30970 million for the quarter ended March 31, 2015 as compared to Rs. 29920 million for the quarter ended March 31, 2014.

Total Income has increased from Rs. 137260 million for the quarter ended March 31, 2014 to Rs. 142920 million for the quarter ended March 31, 2015. Group has posted a net profit of Rs. 123290 million for the year ended March 31, 2015 as compared to Rs. 106480 million for the year ended March 31, 2014.

Total Income has increased from Rs. 528020 million for the year ended March 31, 2014 to Rs. 567460 million for the year ended March 31, 2015.

Consolidated estimates for the fiscal year ending March 31, 2016 is as follows -
  • Revenues are expected to grow 10%-12% in constant currency terms;
  • Revenues are expected to grow 8.4%-10.4% in INR terms

Infosys stock down ahead of the results

Infosys stock is down 1% at Rs. 2099 ahead of the results after the stock hit a high of Rs. 2150 and a low of Rs. 2081. Infosys Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 24, 2015, to consider the audited financial results of the Company for the quarter and year ending March 31, 2015.