Results for: Infosys

In a recent report, CFRA has upgraded Infosys’ stock from Hold to Buy, citing increased confidence in the company’s future performance. The valuation target has been raised to 25 times FY 25 EPS, exceeding the 5-year mean P/E ratio. Despite trimming FY 25 EPS, CFRA has initiated FY 26 EPS at US$0.88. Infosys’ FY 24 results met expectations, with EPS growth of 6% and revenue growth of 2%. The achievement of US$17.7 billion in large deal wins in FY 24 is also noteworthy, as is the company’s adoption of generative AI, which has the potential to enhance revenue and improve margins. Analysts remain bullish on Infosys, estimating an average upside of INR 1,595. Investors can utilize InvestingPro’s fair value feature and financial health score to assess the stock’s potential.

In the face of slowing revenue growth, top IT exporters Infosys, TCS, and Wipro are focusing on optimizing processes to improve efficiency and cut costs. This strategy has become crucial for these companies to maintain profitability amidst the current economic climate.

Infosys co-founder Nandan Nilekani’s recent meeting with San Francisco-based entrepreneur Sriram Krishnan sparked a social media buzz. After the meeting, Krishnan expressed his ‘multi-decade dream come true’ with a picture alongside Nilekani. The picture, described by Nilekani as an ‘Indian remake of Twins,’ shows the duo engaging in discussions about open source AI and its significance.