Infosys Limited (NYSE: INFY) on Thursday reported financial results for the second quarter of 2023. The software giant’s revenues grew by 14%. The top line also exceeded the forecast, while earnings came in line with the Street view.
Second-quarter revenues of the India-based tech firm, on a reported basis, increased 14% year-over-year to $4.56 billion. The top line surpassed estimates by a small margin.
Net income attributable to the company for the three-month period was $749 million or $0.18 per share, compared to $734 million or $0.17 per share in the second quarter of 2022. The latest number matched analysts’ forecasts.
Check this space to read management/analysts’ comments on quarterly reports
Infosys’ stock traded higher on the New York Stock Exchange early Thursday. It has lost about 29% since the beginning of the year.
Stocks you may like:
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,
Hormel Foods (HRL) provides downbeat outlook as it expects volatile and high-cost environment in FY2023
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 4% on Wednesday after the company delivered mixed results for the fourth quarter of 2022 and provided a bleak outlook