Infosys (NYSE:INFY) Releases Quarterly Earnings Results, Meets Estimates

Infosys (NYSE:INFY) released its earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19, Yahoo Finance reports. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. Infosys updated its FY 2025 guidance to EPS.

Infosys Trading Down 0.7 %

Shares of NYSE:INFY traded down $0.15 on Friday, reaching $22.51. 11,307,580 shares of the company’s stock were exchanged, compared to its average volume of 9,360,041. The company has a market capitalization of $93.19 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 3.68 and a beta of 0.99. Infosys has a twelve month low of $16.04 and a twelve month high of $23.48. The company has a fifty day moving average of $22.68 and a 200-day moving average of $19.97.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.85.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.