News: Bellwether returns? June quarter sales show Infosys could bounce back

C-Suite

Bellwether returns? June quarter sales show Infosys could bounce back

Infosys reported better-than-expected performance during the April-June quarter, indicating that the company is likely on a bumpy road to recovery, Economic Times reported.

Infosys reported better-than-expected performance during the April-June quarter, indicating that the company is likely on a bumpy road to recovery, Economic Times reported.

At 2.7% sequential growth in dollar-denominated revenues, sales for India's second-largest software service exporter were well above even the most bullish estimates. Not unlike the past few quarters, analysts' estimates were off the mark by a wide margin and the stock market reacted wildly, sending its shares soaring nearly 11%.
Read the full ET report here
 

Read full story

Topics: C-Suite, #Corporate, #Updates

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.