|Stock Name : Infosys Ltd||Buy : 1338||Posted Date : Mar 28, 2021|
|Stopless : 1301||Target : 1429|
Overview: Infosys was founded by Mr. N.R. Narayana Murthy along with six people with the investment of USD 250 in 1981. Now, Infosys is a Large Cap company with a market capital of USD 72.2 billion.
About the company: Infosys is a large Indian IT services providing company with presence in 191 locations across 46 countries. The company’s services include application development and maintenance, consulting and systems
integration, enterprise application and package implementation, and re-engineering services.Infosys Limited also provides software products to the banking industry. Their product named Finacle is a universal banking solution to large and medium size banks across India and overseas.
Infosys BPO is a majority owned subsidiary of Infosys ltd, through Infosys BPO, the company provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. The company is having marketing and technical alliance with FileNet, IBM, Intel, Microsoft, Oracle and System Application Products.
Infosys has made strategic investments in different domains. The company has established 13 subsidiaries across the globe and the company has 2,40,208 employees (as on September 30, 2020).During fiscal 2020, Infosys’s share of revenue from digital services is 39%, the company derived about 32% of its revenue from the banking, financial services, and insurance (BFSI) segment. The company also has presence in other verticals, such as retail (16% of revenue in fiscal 2020),communication (13%), energy, utilities, resources & services (13%), and manufacturing (10%).
Management: Mr Salil Parekh is the Chief Executive Officer and Managing Director and Nandan M.
Nilekani is the Co-founder and Chairman of the Board.
Dividend: Infosys has declared an equity dividend of 350.00% amounting to Rs 17.5 per share for the year ending March 2020.
Sales Report: The company has reported total income of Rs.26538 crores during the period ended December 31, 2020 as compared to Rs.25140 crores during the period ended September 30, 2020.Infosys has posted net profit of Rs.5197 crores for the period ended December 31, 2020 as against net of Rs.4845 crores for the period ended September 30, 2020.
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