By Bram de Haas : Wipro ( WIT ) has spun off everything but the IT-services and IT-products division. The spin-off is effective from April 1 2013 going forward. Currently Wipro trades at a forward P/E of 16, which is 6-7 below the industry standard. Once the market realizes part of Wipro's growth
By Investometrica : April 12th was a historical date for India-based and once glorious Infosys Technologies ( INFY ). The company kicked off the reporting season for this quarter by stating its revenue may rise only 6%-10% this fiscal year
IBM ( IBM -1.1% ) and Wipro ( WIT -5.7% ) join the list of stocks affected by Infosys' ( INFY -17.7% ) revenue miss and light FY14 (ends March '14) guidance . In addition to forecasting soft revenue, the Indian outsourcing
Shares of Infosys ( INFY ) sink 22.9% premarket after the company reports disappointing Q4 results and issues soft guidance for FY13. The Indian IT concern sees revenue growing between 6% and 10%, compared to the 12% rate expected by analysts. Post your comment!
Infosys INFY started its fiscal 2013 last April on a dismal note and ended it in the same fashion. For the second consecutive year, Infosys
Infosys Ltd ADR ( INFY ): Q4 EPS of Rs.23.94B beats by Rs.970M . Revenue of Rs.104.54B (+18% Y/Y) misses by Rs.276M . Shares -18% in India. Post your comment!
Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. As a reminder, all participants' lines will be in the listen-only mode. There will be an opportunity for you to ask questions at the end of today's presentation. Please note that this conference is being recorded.
being one of the largest offshore IT service providers, Wipro was never really considered in the same league as TCS or Infosys INFY because of its exposure to non-IT related business. We are retaining our narrow moat rating for Wipro given that IT services
Employees Accenture has 259,000 employees that bring in an average of over $116,000 in revenue compared to Infosys (NASDAQ: INFY ) that delivers only $48,000 per employee and has only 155,000 employees. Currently only Complete Story »
reasons that they seem to have missed: The majority of pricing cut seems to now be in the past. Take for instance Infosys ( INFY ); EBITDA margins declined by 530 basis points in the last year as productivity also dropped by 5% over the same period. It