Infosys (NYSE:INFY) Issues Earnings Results, Meets Expectations

Infosys (NYSE:INFY) issued its earnings results on Thursday. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19, Yahoo Finance reports. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company posted $0.18 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Price Performance

NYSE:INFY opened at $22.51 on Friday. The firm has a market capitalization of $93.19 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99. Infosys has a one year low of $16.04 and a one year high of $23.48. The business has a fifty day moving average price of $22.68 and a 200-day moving average price of $19.97.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INFY shares. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.85.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.