Infosys (NYSE:INFY) Releases Quarterly Earnings Results, Hits Expectations

Infosys (NYSE:INFY) announced its quarterly earnings data on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19, Yahoo Finance reports. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same quarter last year, the company posted $0.18 earnings per share. Infosys updated its FY 2025 guidance to EPS.

Infosys Stock Performance

Infosys stock opened at $22.30 on Friday. Infosys has a 52 week low of $16.04 and a 52 week high of $23.48. The stock has a market capitalization of $92.32 billion, a P/E ratio of 29.84, a PEG ratio of 3.68 and a beta of 0.99. The stock has a 50-day simple moving average of $22.65 and a 200 day simple moving average of $19.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.68.

Infosys Company Profile

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.