Revenue Update on Infosys Ltd ADR(NYSE:INFY)

Infosys Ltd ADR(NYSE:INFY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Apr 14, 2016. Company reported revenue of $2.45B. Analysts estimated a revenue of $2.43B. Earnings per share were $0.23. Analysts had estimated an EPS of $0.23.

In a different note, Cowen & Company said it Initiates Coverage on Infosys Ltd ADR, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Market Perform’ by the firm.

Infosys Ltd ADR (INFY) shares turned negative on Mondays trading session with the shares closing down -0.71 points or -3.55% at a volume of 50,36,186. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.61. The peak price level was also seen at $19.61 while the days lowest was $19.29. Finally the shares closed at $19.29. The 52-week high of the shares is $20.47 while the 52-week low is $15.255. According to the latest information available, the market cap of the company is $44,090 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.

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