Tag: Infosys surges

Shares of Infosys Ltd. surged as analysts bet on a potential margin recovery by the next fiscal. “Strong margin performance and incremental levers raise confidence on margin recovery,” said Nomura in its investor note dated Oct. 13. “Falling attrition (-130 bps q-o-q) to 27.1%, ongoing pyramid …

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms. Shares of Infosys rallied 5 per cent to Rs 1,487.70 on the BSE in Friday’s …