Infosys Ltd ADR (INFY) Releases Earnings Results, Beats Expectations By $0.54 EPS

Infosys Ltd ADR (INFY) reported quarterly earnings results on Friday, Apr-15-2016. The company said it had a profit of $15.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.54. Analysts had a consensus of $15.20. The company posted revenue of $165500.00 million in the period, compared to analysts expectations of $164415.64 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $27.10 EPS.

Infosys Ltd ADR opened for trading at $18.26 and hit $18.39 on the upside on Monday, eventually ending the session at $18.17, with a gain of 0.66% or 0.12 points. The heightened volatility saw the trading volume jump to 23,83,828 shares. Company has a market cap of $41,530 M.

Infosys Limited is engaged in consulting technology outsourcing and next-generation services. The Company’s solutions include application development and maintenance independent validation services infrastructure management engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting enterprise solutions and package implementation systems integration and business intelligence; Products business platforms and solutions and technologies such as cloud computing enterprise mobility digital big data and analytics. Its segments are Financial Services and Insurance Manufacturing Energy and utilities Communication and Services Retail Consumer packaged goods and Logistics Life Sciences and Healthcare and Growth Markets.

Infosys Ltd ADR

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