On Monday, in the course of current trade, Shares of Infosys Ltd ADR (NYSE:INFY), dropped -5.22%, and is now trading at $18.15.
Infosys Limited, declared results for the Quarter Ended September 30, 2015.
Financial Highlights
- Merged results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2015
- Quarter ended September 30, 2015
- Revenues were $ 2,392 million for the quarter ended September 30, 2015
- QoQ growth was 6.0% in stated terms; 6.9% in constant currency terms
- YoY growth was 8.7% in stated terms; 14.2% in constant currency terms
- Net profit was $ 519 million for the quarter ended September 30, 2015
- QoQ growth was 9.1%
- YoY growth was 1.6%
- Earnings per share (EPS) was $ 0.23 for the quarter ended September 30, 2015
- QoQ growth was 9.1%
- YoY growth was 1.6%
- Liquid assets counting cash and cash equivalents, available-for-sale financial assets and government bonds were $4,894 million as on September 30, 2015 as contrast to $4,750 million as on June 30, 2015
- The Board of Directors declared an interim dividend of INR10 per share (equivalent to app. $ 0.15 per ADS at the exchange rate of INR 65.59). The record date for payment of dividend is October 19, 2015 .
- Infosys spent $9 million in Q2, towards Corporate Social Responsibility (CSR) which is primarily being carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, computing literacy, improving health, assisting rural development, supporting arts and assisting the destitute.
Other Q2 Highlights
- Per capita revenue raised by 2.6% in stated terms and 3.4% in constant currency terms
- 5 large deals signed with TCV of $ 983 mn
- Added 82 clients; total number of clients crosses 1,000
Outlook
The Company’s outlook (merged) for the fiscal year ending March 31, 2016 , under IFRS is as follows:
- Revenues are predictable to grow 10%-12% in constant currency;
- Revenues are predictable to grow 6.4%-8.4% in USD terms
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 comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
During Morning trade, Shares of Wal-Mart Stores, Inc. (NYSE:WMT), climbed 0.07%, and is now trading at $66.74.
Walmart U.S. has designated Steve Bratspies to chief merchandising officer for U.S. stores, effective Oct. 19, 2015. Bratspies will oversee all merchandise categories across more than 4,500 stores in the U.S. business. He will continue to report to Greg Foran, Walmart U.S. president and CEO.
“Steve is a true leader and an example of the rich talent that exists within the merchandise organization,” said Foran. “His outstanding merchandising instincts and commitment to innovation and price leadership will challenge the status quo to serve our customers better.”
Bratspies served as the executive vice president of food for Walmart U.S. where he overhauled the retailer’s grocery aisles with a focus on improving its fresh offering and expanding its private brand and global sourcing capabilities. Bratspies joined the company in 2005 and has held several leadership positions at Walmart in marketing, dry grocery and general merchandise. In 2011 he received the Merchandise Excellence Business Unit Leader of the Year award for his focus on local assortment, innovation and price leadership. Preceding to joining Walmart, Bratspies served as chief marketing officer for Specialty Brands. He has held roles in finance, new ventures and marketing at Frito-Lay, and consulting positions with A.T. Kearney and Andersen Consulting.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, Devon Energy Corp (NYSE:DVN), lost -0.93% Monday.
The stock is trading on below-average volume. The stock traded at a volume of 631,119.00 shares at a price loss of -1.95%. The share price is now down -20.59% for the past three months. Previous closing price was 5.68% above its 50-day moving average and -20.92% below its 200-day moving average.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It holds interests in various properties located in Anadarko Basin, Barnett Shale, Eagle Ford, Mississippian-Woodford Trend, Permian Basin, and Rockies in the United States, in addition to in the Jackfish and Pike heavy oil projects located in Alberta, Canada.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
