Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks. Large Wall Street banks are widely expected to reduce overall budgets and discretionary tech spending, which includes areas such as technology consulting services, business analytics, research and design and process management projects. Accenture, Tata Consultancy Services, Infosys and Cognizant Technology Solutions - among the world's largest tech services vendors - have offered to do more for them at lower rates, three executives who have taken part in the discussions told Reuters.
An extension of lockdown measures has prompted Goldman Sachs to downgrade Indian stocks. Monitor the country's stocks through these ETFs.
NICE Actimize, a NICE (Nasdaq: NICE) business and a leader in Autonomous Financial Crime Management and Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, together today announced the expansion in their strategic collaboration. This global partnership will allow Infosys to offer its best-in-class delivery capabilities and resell NICE Actimize’s end-to-end financial crime software solutions through either a cloud or on-premises environment to a growing customer base around the world.
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NEW YORK, NY / ACCESSWIRE / April 20, 2020 / Infosys Ltd. (NYSE:INFY) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on April 20, 2020 at 6:15 PM Eastern ...
Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks. Large Wall Street banks are widely expected to reduce overall budgets and discretionary tech spending, which includes areas such as technology consulting services, business analytics, research and design and process management projects.
Infosys' (INFY) fourth-quarter fiscal 2020 results benefit from strong demand for its cloud service, IoT, cyber security, SaaS, user experience, data and analytics.
Is Infosys (INFY) a great pick from the value investor's perspective right now? Read on to know more.
"I am proud of the Infosys team that has worked exceptionally well to achieve 93% remote working today and ensuring consistent service delivery for our clients in this rapidly changing environment. Our focus on the health of our employees and our commitment to our clients helped us navigate the past few weeks," said Salil Parekh, CEO and MD. "We had an exceptional year in financial year 2020 with growth of 9.8% and operating margin of 21.3%. While the immediate short-term will be challenging, looking ahead, we can see that there is a strong interest to consolidate with partners with high-quality and agile service delivery and strong financial resilience. I am confident we will emerge from this stronger."
INFY vs. WIX: Which Stock Is the Better Value Option?
Shares of Infosys (NYSE:INFY) fell 2% after the company reported Q4 results.Quarterly Results Earnings per share increased 7.69% over the past year to $0.14, which were in line with the estimate of $0.14.Revenue of $3,197,000,000 rose by 4.48% year over year, which missed the estimate of $3,250,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 20, 2020View more earnings on INFYTime: 04:05 AM ETWebcast URL: https://www.infosys.com/investors/investor-services/investor-calendar.htmlRecent Stock Performance 52-week high: $12.0852-week low: $6.76Price action over last quarter: down 21.88%Company Description Infosys is a global provider of consulting and IT services. The company was founded in 1981, employs more than 200,000 staff, and serves clients in over 40 countries. Infosys provides myriad services, including business process outsourcing, IT outsourcing, consulting and systems integration, among many others. The firm serves more than 20 industries ranging from financial services and healthcare to manufacturing and consumer packaged retail.See more from Benzinga * Recap: Kaiser Aluminum Q1 Earnings * Recap: M&T Bank Q1 Earnings * Recap: Lennox International Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts. "There will be some sort of recessionary environment," Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference.
BENGALURU, India , May 13, 2020 /CNW/ -- Infosys (INFY), a global leader in next-generation digital services and consulting, has been selected by GLOBALFOUNDRIES® (GF®), the world's leading specialty foundry, as its partner for the company's Digital Transformation program. Through this partnership, Infosys will provide expertise and analytical solutions to optimize the overall efficiency and agility of GF's manufacturing and business operations. GF will leverage Infosys' domain expertise and industry experience to transform and optimize GF's IT assets to scale its digital capabilities.
PROVIDENCE, Rhode Island , May 19, 2020 Infosys (INFY), a global leader in next-generation digital services and consulting, today announced that it is partnering with the State of Rhode Island in launching a privacy-first contact tracing solution to help Rhode Islanders and state officials slow the spread of coronavirus throughout the state. Leveraging existing Infosys technologies, the company developed a mobile app that will help Rhode Islanders follow required health and safety guidelines, monitor their own activities and support the Rhode Island Department of Health by providing accurate data with user consent.
Infosys' (INFY) fourth-quarter fiscal 2020 results are likely to have benefited from ongoing digital transformations and large deal wins. However, elevated expenses are expected to have negatively impacted the company's bottom line.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Infosys Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Infosys to Announce Fourth Quarter and Annual Results on April 20, 2020
NEW DELHI/BENGALURU, March 25 (Reuters) - As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world's back office are struggling to piece together work-from-home solutions and other business-continuity plans. Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to stay at home for 21 days to stem the spread of SARS-CoV-2, following earlier lock-down orders in many Indian cities and states. As of Tuesday, India had reported over 500 cases of the virus and nine deaths.
India's Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts. "There will be some sort of recessionary environment," Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference.