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, #Updates, #Corporate

Did you find this story helpful?

Author

QUICK POLL

As you plan to resume work from office, what is your biggest concern as a leader?

2 months free subscription
q_auto,f_auto/v1593523489/mag-july-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :