Infosys (NYSE:INFY) Announces Earnings Results

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

Infosys Stock Performance

Shares of Infosys stock opened at $22.68 on Friday. Infosys has a 52-week low of $16.04 and a 52-week high of $23.48. The stock has a market capitalization of $93.87 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99. The company has a fifty day moving average of $22.65 and a 200-day moving average of $19.93.

Wall Street Analyst Weigh In

A number of equities analysts have commented on INFY shares. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Finally, Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.68.

Infosys Company Profile

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.