Infosys (NYSE:INFY) Releases Earnings Results, Meets Expectations

Infosys (NYSE:INFY - Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19, Yahoo Finance reports. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The company had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Infosys updated its FY 2025 guidance to EPS.

Infosys Price Performance

Infosys stock traded down $0.15 during midday trading on Friday, reaching $22.51. 11,185,994 shares of the company traded hands, compared to its average volume of 9,360,041. Infosys has a 12 month low of $16.04 and a 12 month high of $23.48. The business has a 50 day moving average of $22.68 and a two-hundred day moving average of $19.97. The firm has a market capitalization of $93.19 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99.

Analysts Set New Price Targets

INFY has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday. Investec cut Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Macquarie raised Infosys from an "underperform" rating to a "neutral" rating in a research report on Friday, July 19th. StockNews.com raised Infosys from a "hold" rating to a "buy" rating in a report on Monday, September 30th. Finally, Erste Group Bank upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.85.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.