Infosys (NYSE:INFY) Announces Quarterly Earnings Results, Hits Expectations

Infosys (NYSE:INFY) posted its earnings results on Thursday. The technology company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18, RTT News reports. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.67 billion. Infosys had a return on equity of 32.00% and a net margin of 17.18%. During the same period last year, the company earned $0.17 earnings per share. Infosys updated its FY 2025 guidance to EPS.

Infosys Price Performance

Infosys stock traded down $0.57 during trading on Friday, reaching $21.68. 16,443,577 shares of the company were exchanged, compared to its average volume of 11,934,494. Infosys has a 52-week low of $15.33 and a 52-week high of $22.61. The company has a market capitalization of $89.75 billion, a P/E ratio of 28.53, a PEG ratio of 4.11 and a beta of 0.98. The stock’s 50 day simple moving average is $18.29 and its two-hundred day simple moving average is $18.58.

Infosys Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were given a dividend of $0.2035 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a yield of 1.4%. Infosys’s payout ratio is 38.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INFY. BMO Capital Markets dropped their price objective on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Friday. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. HSBC reissued a “hold” rating and issued a $20.10 price objective on shares of Infosys in a report on Friday, April 19th. Finally, Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.27.

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.