Please dont spread half information.
There is an other income if you look closely.
Normally the other income is in the range of 500-700 but for this quarter the other income reported is around 2700 crore which is massive.
Infosys has posted bad results,
It shall open gap down tomorrow
Infosys Completes Acquisition of
Semiconductor Design Services Provider, InSemi.
InSemi offers end-to-end semiconductor design services with expertise across electronic design, platform
design, automation, embedded and software technologies. It serves leading global corporations across
semi-conductor, consumer electronics, automotive, and hi-tech industries.
The strategic investment with InSemi reaffirms Infosys’ commitment to the semiconductor
ecosystem and strengthens expertise in Engineering R&D services.
“Infosys AI strategy”
https://www.youtube.com/live/6Wc_obyUiJM?si=8-Mfmm9Tu2ZM94KQ
Q1 Results: FY25: Good to see FY25 Revenue growth guidance raised to 3-4 % from 1-3%
As per AR of Infosys for FY24.
Chairman/Non-executive director attended only 4 out of 6 board meetings held in the last financial year through March 2024. Amongst 8 independent directors, one independent director missed two board meetings and two independent director absent for one board meeting. There is no valid justification or reasoning provided by the company on their absence in the annual report either. Dissent amongst shareholders is also evident in recent voting of AGM held in Jun-24
https://www.pressreader.com/india/hindustan-times-lucknow/20240701/281973202850536
Infosys Innovation Fund collaborates with UVC Partners
Though the amount is small (45 cr), this seems baby step in right direction. I want to see indian IT companies commit small fund for angel or VC fund and support and get benefitted by start up culture like infoedge.
But seems distant dream… in long past Narayan murthy as ceo of infy, infy invested small amount in startup - unfortunately it not went well with investor communities and Murthy has to commit not to do it again…
Infy may have good insight for such investment if… they are amoung first to allocate fund to openAI…
That amount is their quarter revenue, not even net profit. This tax bill, alongwith the slowdown in IT and recession fears in US, what’s propping up the share? What trends do we see coming till the next year?
The run up on Infosys is quite steep. Better to wait for a healthier correction and see how the GST fiasco turns out. Probably big fund houses know better than retail investors.
