Infosys becomes fourth Indian company to hit $100-billion m-cap, shares up 84% in one year

[salute]

Infosys becomes fourth Indian company to hit $100-billion m-cap, shares up 84% in one year

​

Representational image
KEY HIGHLIGHTS

• Shares of IT companies including Infosys have seen massive rally over the past year

• Infosys reported strong numbers for the first quarter of current fiscal

• The company had increased its full-year revenue growth forecast in constant currency from 12%-14% to 14-16%.

New Delhi: Infosys, the second-biggest Indian outsourcer, hit a market capitalisation of $100 billion on Tuesday, becoming the fourth company in India to achieve this feat. Shares of the Bengaluru-based company touched an all-time high of Rs 1,755.60 apiece today compared to its previous closing value of Rs 1,739.20. At the day's high Infosys achieved a market capitalisation of Rs 7.45 lakh crore or over $100 billion. As of 1:45 pm, Infosys shares were trading 0.78% lower at Rs 1,725.55.

Earlier three other Indian companies--Reliance Industries, TCS and HDFC Bank--have achieved this feat.

Shares of IT companies including Infosys have seen massive rally over the past year as they are flooded with digitization orders from global MNCs amid the Covid-19 pandemic. Infosys shares have rallied 84% over the past one year.

The company also reported strong numbers for the first quarter of current fiscal. Its net profit for the April-June quarter of current fiscal surged 22.75 on an annual basis to Rs 5,195 crore. On a sequential basis, the company registered 2.35 growth in its net profit. Its revenues grew 8.5% to Rs 23,665 crore compared to Rs 21,803 crore in the corresponding quarter of previous fiscal.

Worth mentioning here is that the company had increased its full-year revenue growth forecast in constant currency from 12%-14% to 14-16%. The company guided for an operating margin of 22 to 24%.

Analysts say Infosys is expected to report superior revenue growth over FY21-FY24 driven by execution-focused stable management, a surge in mega deals and digital acceleration. The company has expanded its client outreach due to refreshed offerings and vast product portfolio.

Infosys is expected to be a key beneficiary of multi-year technology upcycle.

 

[DalalErMaNodi]

...

 

[salute]

They should make toilet management software, to show locals the way to public toilets, seeing how most seem to get lost and expelling their curry on the streets.

haha. Stupid Bangos.

 

[Black Tornado]

They should make toilet management software, to show locals the way to public toilets, seeing how most seem to get lost and expelling their curry on the streets.

I can understand your heartburn because your whole country has a market cap less than 90 billion USD.
So much for richer than Indians dream…

 

[jamahir]

@salute @Sudarshan, I don't know what "market cap" means nor do I want to know but about Infosys it is a code monkey company which has existed for almost 40 years and now it has 259,000+ employees out of which most will be computer engineers yet it has not set up a team to design a single local microprocessor and single local operating system which are the two most fundamental elements in a classical computer. Shame !

There even have been suicides in Infosys because of the company forcing employees to take up some internal exams for employee "employability" assessment. Not only are such suicides wrong but what has the company achieved through these suicides ?

 

[Black Tornado]

Keep barking with your internal consumption and intra-state trade powered economy that is in turn propped up by 1.3 Billion of these specimens;

Sanghis go kablooey when they see white women, straight back to cave man behavior



Better Bango than a Pedo Dindu.

Spoiler: national crush of BD

@salute @Sudarshan, I don't know what "market cap" means nor do I want to know but about Infosys it is a code monkey company which has existed for almost 40 years and now it has 259,000+ employees out of which most will be computer engineers yet it has not set up a team to design a single local microprocessor and single local operating system which are the two most fundamental elements in a classical computer. Shame !

There even have been suicides in Infosys because of the company forcing to take up some internal exams for employee "employability" assessment. Not only are such suicides wrong but what has the company achieved through these suicides ?

Lol are you serious? Infosys in not some chip designer firm, they are a Software company. By that logic TVS is yet to design robots required for Motorbike manufacturing and assembly operations .

 

[DalalErMaNodi]

@salute @Sudarshan, I don't know what "market cap" means nor do I want to know but about Infosys it is a code monkey company which has existed for almost 40 years and now it has 259,000+ employees out of which most will be computer engineers yet it has not set up a team to design a single local microprocessor and single local operating system which are the two most fundamental elements in a classical computer. Shame !

There even have been suicides in Infosys because of the company forcing to take up some internal exams for employee "employability" assessment. Not only are such suicides wrong but what has the company achieved through these suicides ?

Indian companies are known for their shady business practices and working employees like dogs.. they take freshly graduated kids from Uni with IT degrees and work them like dogs.. few of my friends have had similar experiences when working under internship with infosys.

That's something beyond repair. The only option is a Mass Pajeet Hybridization Program (MPHP) to inject artificially constructed DNA with toilet use skills coded within.

Our operatives (so called illegals) can help with injecting said DNA

 

[Suriya]

They should make toilet management software, to show locals the way to public toilets, seeing how most seem to get lost and expelling their curry on the streets.

I guess this was the reaction @salute wanted to evoke from usual suspect butthurt losers for opening this thread. I'm sure he is happy and satisfied now.

 

[jamahir]

Lol are you serious? Infosys in not some chip designer firm, they are a Software company.

1. If Infosys is purely a software company why hasn't it designed at least an operating system software ?

2. Was someone forcing Infosys not to branch out into microprocessor design ? Is it written by stars in the night sky that Infosys shouldn't design microprocessors ? After all it would have been the first local design in India. What kind of graduates does it accept as employees ? And let's remember, those graduates all have to have high marks in their "education" years.

3. Doesn't IBM have their own operating system and microprocessor ?

By that logic TVS is yet to design robots required for Motorbike manufacturing and assembly operations .

If I am not wrong even not-much-innovative China now produces automotive robots. TVS could have collaborated with some Indian company for that.

But I suppose TVS' robots come from Japan, Germany or other such places.

Indian companies are known for their shady business practices and working employees like dogs.. they take freshly graduated kids from Uni with IT degrees and work them like dogs

Indeed, and you know the Indian IT and ITES industries have had agreement with successive Indian governments to discourage formation of employee unions in those sectors. In 2014 I almost created an employee union in an ITES company I worked in but I foolishly resigned instead, otherwise it would have been the first employee union in the Indian IT / ITES sector.

Funny thing is that at least until 2015 IBM-USA had employee union but IBM-India did not. The parent company in USA had that set up but its Indian subsidiary did not.

few of my friends have had similar experiences when working under internship with infosys.

That's sad but expected.

 

[salute]

1. If Infosys is purely a software company why hasn't it designed at least an operating system software ?

2. Was someone forcing Infosys not to branch out into microprocessor design ? Is it written by stars in the night sky that Infosys shouldn't design microprocessors ? After all it would have been the first local design in India. What kind of graduates does it accept as employees ? And let's remember, those graduates all have to have high marks in their "education" years.

3. Doesn't IBM have their own operating system and microprocessor ?



If I am not wrong even not-much-innovative China now produces automotive robots. TVS could have collaborated with some Indian company for that.

But I suppose TVS' robots come from Japan, Germany or other such places.



Indeed, and you know the Indian IT and ITES industries have had agreement with successive Indian governments to discourage formation of employee unions in those sectors. In 2014 I almost created an employee union in an ITES company I worked in but I foolishly resigned instead, otherwise it would have been the first employee union in the Indian IT / ITES sector.

Funny thing is that at least until 2015 IBM-USA had employee union but IBM-India did not. The parent company in USA had that set up but its Indian subsidiary did not.



That's sad but expected.

I don't know why doesn't Microsoft get into chip business or google get into automobile business. Each business has its competences. Why don't you start the microprocessor business and lead the way. Its easy to talk from the outside.

Please take your communist ideologies elsewhere.

Indian companies are known for their shady business practices and working employees like dogs.. they take freshly graduated kids from Uni with IT degrees and work them like dogs.. few of my friends have had similar experiences when working under internship with infosys.



Our operatives (so called illegals) can help with injecting said DNA

We need to take lessons from chaddi stitching factories of Bangladesh.

 

[Black Tornado]

 

[Kingdom come]

I don't know why doesn't Microsoft get into chip business or google get into automobile business. Each business has its competences. Why don't you start the microprocessor business and lead the way. Its easy to talk from the outside.

Please take your communist ideologies elsewhere.


We need to take lessons from chaddi stitching factories of Bangladesh.

Why bother?

 

[Black Tornado]

1. If Infosys is purely a software company why hasn't it designed at least an operating system software ?

2. Was someone forcing Infosys not to branch out into microprocessor design ? Is it written by stars in the night sky that Infosys shouldn't design microprocessors ? After all it would have been the first local design in India. What kind of graduates does it accept as employees ? And let's remember, those graduates all have to have high marks in their "education" years.

3. Doesn't IBM have their own operating system and microprocessor ?



If I am not wrong even not-much-innovative China now produces automotive robots. TVS could have collaborated with some Indian company for that.

But I suppose TVS' robots come from Japan, Germany or other such places.



Indeed, and you know the Indian IT and ITES industries have had agreement with successive Indian governments to discourage formation of employee unions in those sectors. In 2014 I almost created an employee union in an ITES company I worked in but I foolishly resigned instead, otherwise it would have been the first employee union in the Indian IT / ITES sector.

Funny thing is that at least until 2015 IBM-USA had employee union but IBM-India did not. The parent company in USA had that set up but its Indian subsidiary did not.



That's sad but expected.

No wonder Stalin called Indian communists as the most stupid, finding problems in every solution.

 

[Vortex]

Infosys becomes fourth Indian company to hit $100-billion m-cap, shares up 84% in one year

​

Representational image
KEY HIGHLIGHTS

• Shares of IT companies including Infosys have seen massive rally over the past year
• Infosys reported strong numbers for the first quarter of current fiscal
• The company had increased its full-year revenue growth forecast in constant currency from 12%-14% to 14-16%.

New Delhi: Infosys, the second-biggest Indian outsourcer, hit a market capitalisation of $100 billion on Tuesday, becoming the fourth company in India to achieve this feat. Shares of the Bengaluru-based company touched an all-time high of Rs 1,755.60 apiece today compared to its previous closing value of Rs 1,739.20. At the day's high Infosys achieved a market capitalisation of Rs 7.45 lakh crore or over $100 billion. As of 1:45 pm, Infosys shares were trading 0.78% lower at Rs 1,725.55.

Earlier three other Indian companies--Reliance Industries, TCS and HDFC Bank--have achieved this feat.

Shares of IT companies including Infosys have seen massive rally over the past year as they are flooded with digitization orders from global MNCs amid the Covid-19 pandemic. Infosys shares have rallied 84% over the past one year.

The company also reported strong numbers for the first quarter of current fiscal. Its net profit for the April-June quarter of current fiscal surged 22.75 on an annual basis to Rs 5,195 crore. On a sequential basis, the company registered 2.35 growth in its net profit. Its revenues grew 8.5% to Rs 23,665 crore compared to Rs 21,803 crore in the corresponding quarter of previous fiscal.

Worth mentioning here is that the company had increased its full-year revenue growth forecast in constant currency from 12%-14% to 14-16%. The company guided for an operating margin of 22 to 24%.

Analysts say Infosys is expected to report superior revenue growth over FY21-FY24 driven by execution-focused stable management, a surge in mega deals and digital acceleration. The company has expanded its client outreach due to refreshed offerings and vast product portfolio.

Infosys is expected to be a key beneficiary of multi-year technology upcycle.

Whatever we as Pakistanis could say, IAF lit that there are some really amazing success in india !

 

[jamahir]

I don't know why doesn't Microsoft get into chip business or google get into automobile business.

Google had its Google Glass wearable computer about seven years ago and Microsoft had its Windows Phone cell phone many years ago.

Each business has its competences.

Please avoid using those MBA words like "core competencies" and "center of excellence".

Why don't you start the microprocessor business and lead the way. Its easy to talk from the outside.

I have been designing a microprocessor for some years now. It is a simplified design having its own instruction set and related to other things that I can't reveal here. I hope to start a company in some months to commercially develop the processor.

Please take your communist ideologies elsewhere.

Why ?

We need to take lessons from chaddi stitching factories of Bangladesh.

Well, I wear Jockey chaddis and surely they are stitched either in Bangladesh or in India. What's wrong with having a Jockey factory ?

No wonder Stalin called Indian communists as the most stupid, finding problems in every solution.

What problem in every solution do you find in my post ?