Infosys Ltd ADR (INFY) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Infosys Ltd ADR (INFY) reported quarterly earnings results on Friday, Jul-15-2016. The company reported $15.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $15.14. The company posted revenue of $167820.00 million in the period, compared to analysts expectations of $170687.00 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.26 EPS.

Many Wall Street Analysts have commented on Infosys Ltd ADR. Infosys Ltd ADR was Initiated by Pacific Crest to “Sector Weight” on Jul 12, 2016. Infosys Ltd ADR was Upgraded by Goldman to ” Buy” on May 26, 2016.

Infosys Ltd ADR opened for trading at $18.38 and hit $18.44 on the upside on Wednesday, eventually ending the session at $18.31, with a gain of 0.22% or 0.04 points. The heightened volatility saw the trading volume jump to 42,14,061 shares. Company has a market cap of $42,057 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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