Infosys (INFY) capitalized on growth areas, including the cloud and mobile, as the tech outsourcing services provider posted fiscal Q2 earnings that beat views, sending shares rising to a more than three-year high. The India-based services provider’s revenue outlook for its fiscal year also beat views. Infosys stock was up more than 6% in midday trading in the stock market today, near 63. In the quarter ended Sept. 30, the company cashed in on
Infosys (INFY) maintained what analysts consider tepid revenue guidance for the year, and its stock fell despite Q1 earnings that solidly beat expectations. The India-based tech service provider early Friday, with its earnings results, didn’t provide a forecast for the current quarter, and it only reiterated its revenue guidance growth for the year of 7% to 9%. That’s well below the National Association of Software & Services Companies’ projected
Cognizant Technology Solutions (CTSH) will attempt to do one better than its rivals when it reports first-quarter results Wednesday before the market opens. The global outsourcing and consulting services company’s earnings report is set to arrive amid mixed results from rivals such as Infosys (INFY), which reported revenue slightly below estimates and a per-share profit just above views, while Accenture’s (ACN) Q2 results fell short of views on