IndiaCatalog.com
India News
Search Web Directory
News Home
Infosys to announce Q2 results on 24 October
Posted on 17th October 2017
New Delhi: The country’s second largest software services firm Infosys Tuesday said it will announce financial results for the second quarter on 24 October.

“Infosys will announce the results for its second quarter ended September 30, 2017 on Tuesday, October 24, 2017 around 3:45 pm Indian Standard Time,” Infosys said in a BSE filing. In a departure from its usual practice, Infosys has delayed the announcement of results by a couple of days—it typically announces its financial numbers at the beginning of the earnings season.

Moreover, the company has opted to release results after trading hours, against the usual drill of a morning announcement. Its larger rival, Tata Consultancy Services (TCS), announced its second quarter earnings last week, while others are slated to do so in the coming days.

The Bengaluru-based firm had been in the eye of a storm over the past few months, with founders and erstwhile board members clashing over allegations of corporate governance lapses and irregularities in Infosys’ $200 million Panaya acquisition.

The spat—often public—culminated in the sudden resignation of the then chief executive officer (CEO) Vishal Sikka and exit of four board members, including ex-chairman R. Seshasayee. They blamed founder N. R. Narayana Murthy’s “misguided campaign” for the abrupt exit of Sikka.

Infosys, on 24 August, then named co-founder Nandan Nilekani as its new non-executive chairman, bowing to the demands of co-founders and large institutional investors. Nilekani, at the time of taking over had promised that bringing stability to Infosys would be on the top of his priority list. He had also stated that he would review the strategy and present in October the future blueprint for Infosys.

Related Companies: Infosys Technologies Limited   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Infosys to announce Q2 results on 24 October
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Infosys to announce Q2 results on 24 October

Most Read News

More India News

  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement