During Monday’s Morning trade, Shares of Bank of America Corporation (NYSE:BAC), lost -0.42% to $15.52.
Bank of America Corporation - In recognition of the United Nations’ World Habitat Day, Bank of America, in partnership with Habitat for Humanity International, is launching its second Global Build, taking place in eight countries around the world. During one week and across 11 time zones, the Global Build will feature the first-ever home build in New York City’s Bryant Park, where volunteers will build in partnership with a local Habitat family. The projects taking place during Global Build aim to address affordable housing challenges, revitalize communities and assist families around the world improve their living conditions and achieve home ownership.
During the week, about 2,000 Bank of America employees will volunteer with Habitat for Humanity to revitalize neighborhoods in 75 communities around the world, counting London, Hong Kong, Sydney, Jakarta, Manila, Toronto, and Mumbai. Volunteers will also take part in the feature event in Bryant Park, erecting the frame of an eco-friendly house over the course of the day that will become home to a family in Long Island, New York.
“We are happy to partner with Bank of America for the second Global Build to assist those in need of safe, decent, affordable housing,” said Jonathan Reckford, CEO of Habitat for Humanity International. “The volunteer commitment and financial support from Bank of America is vital to fulfilling our shared aims of building homes, communities and hope.”
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments. Its Consumer and Business Banking segment offers a range of deposits and consumer lending services.
Shares of Infosys Limited (NYSE:INFY), declined -6.74% to $17.86, during its current trading session.
Infosys Limited declared:
- Q2 revenue growth highest in last 16 quarters* - 6.0% in reported terms and 6.9% in constant currency
- Q2 revenue growth 14.2% yoy in constant currency
- TCV of large deals signed in Q2 at $ 983 mn
- Interim dividend of INR 10 per share (app. $ 0.15 per ADS)
- FY 16 revenue guidance at 10%-12% in constant currency; 6.4%-8.4% in USD terms.
“We are experiencing a once-in-a-generation opportunity for a services company to assist businesses maximize their potential with technology. From automation and AI assisting to simplify and enable existing landscapes in addition to build intelligent systems that assist us solve our most complex emerging problems, to education and design assisting us to rethink the human experience and assisting uncover our most important horizons, a great services organization can truly partner with and amplify businesses,” said Dr. Vishal Sikka, CEO and MD. “At Infosys, we are taking steps towards becoming such a services organization, and I am encouraged by our progress. While results in any one quarter are transitory snapshots of a long journey, we do see our focused execution along our strategy starting to produce encouraging results for our clients, shareholders and Infoscions.”
We had strong all-round growth during the quarter driven by recent initiatives around service differentiation, improvement in client mining and higher focus on winning large deals,” said Mr. U. B. Pravin Rao, COO. “Improvement in revenue productivity was significant, volume growth was robust, client metrics and utilization improved while attrition remained stable.”
Infosys Limited, together with its auxiliaries, provides business consulting, technology, engineering, and outsourcing services in North America, Europe, India, and internationally. Its solutions comprise business information technology (IT) services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services compriseing of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
Finally, Xerox Corporation (NYSE:XRX), lost -0.66%, and is now trading at $10.48.
Xerox Corporation, and Mitsubishi Heavy Industries (MHI), both leaders in transportation solutions, today signed a Memorandum of Understanding to explore, globally, on a case-by-case basis, potential joint Intelligent Transport System (ITS) opportunities.
“The ITS offerings of Xerox and MHI complement one another,” said Ken Philmus, senior vice president, Transportation Services, Xerox. “Xerox and MHI will seek to find opportunities in which their combined strengths will provide a better and more competitive offering for transportation authorities and operators around the world.”
The parties will focus on electronic toll collection, highway traffic management, telematics and intelligent urban parking in which Xerox has proficiency in back-end software and operations, predominantly in the Americas and Europe, while MHI has strength in front-end hardware and maintenance, predominantly in Japan and Asia.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
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