Infosys Analyst Meet

Gains in steel and select banking stocks pushed the markets higher. Analysts awaited the outcome of a key meeting of the GST Council due later in the day for domestic cues.

Infosys announced it will hold an analysts' meet on April 23 in Mumbai where the company is expected to unveil its new strategy

As growth rates come down and share prices suffer, many analysts have said that IT companies should use the cash pile to buy back shares, which will help prop up their share prices.

Infosys CEO Mr Sikka will also address an investors meet today and may brief fund managers on issues that have prompted co-founder N R Narayana Murthy air his discontent against the board.

Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.

Investors remained edgy today ahead of the Reserve Bank of India's policy announcement tomorrow, analysts said.

Infosys organised an investor meet at its Pune campus on Thursday, where analysts who track the company got a chance to speak to CEO Vishal Sikka and get an insight into the thinking of the new management.

Dollar revenues for the quarter rose 2.9 per cent sequentially to $1,678.4 million. The company had guided for $1,660-1,690 million in revenue. For the next quarter, Wipro expects dollar revenues at $1,712 million to $1,745 million, implying a growth of 2-4 per cent. Analysts had expected Wipro to guide for 1.5-4 per cent growth in the March quarte...

"Management has identified three areas to reduce its employee costs," Barclays said in a note about its analyst meeting with Infosys executive chairman Mr Murthy.

Shares in Tata Consultancy Services (TCS) fell 2.3 per cent ahead of a scheduled meeting between the management and analysts later in the day, amid concerns the software services provider will deliver a downcast view on the sector.

Gains in steel and select banking stocks pushed the markets higher. Analysts awaited the outcome of a key meeting of the GST Council due later in the day for domestic cues.

Infosys announced it will hold an analysts' meet on April 23 in Mumbai where the company is expected to unveil its new strategy

As growth rates come down and share prices suffer, many analysts have said that IT companies should use the cash pile to buy back shares, which will help prop up their share prices.

Infosys CEO Mr Sikka will also address an investors meet today and may brief fund managers on issues that have prompted co-founder N R Narayana Murthy air his discontent against the board.

Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.

Investors remained edgy today ahead of the Reserve Bank of India's policy announcement tomorrow, analysts said.

Infosys organised an investor meet at its Pune campus on Thursday, where analysts who track the company got a chance to speak to CEO Vishal Sikka and get an insight into the thinking of the new management.

Dollar revenues for the quarter rose 2.9 per cent sequentially to $1,678.4 million. The company had guided for $1,660-1,690 million in revenue. For the next quarter, Wipro expects dollar revenues at $1,712 million to $1,745 million, implying a growth of 2-4 per cent. Analysts had expected Wipro to guide for 1.5-4 per cent growth in the March quarte...

"Management has identified three areas to reduce its employee costs," Barclays said in a note about its analyst meeting with Infosys executive chairman Mr Murthy.

Shares in Tata Consultancy Services (TCS) fell 2.3 per cent ahead of a scheduled meeting between the management and analysts later in the day, amid concerns the software services provider will deliver a downcast view on the sector.