Infosys Records Good Third Quarter; Broad Based Strength; Shares Trading Above Fair Value Estimate
Like peer TCS on Jan. 10, Infosys recorded a good third fiscal quarter with the firm posting double-digit constant currency revenue growth. The performance underlies better momentum for the overall IT services industry and signifies an improvement in some of Infosys’ key business segments such as financial services. The firm’s digital business grew 33.1% in constant currency on a year-over-year basis and constituted 31.5% of Infosys’ total revenue. The digital performance continues to drive the ...Infosys is a global technology services company based in India. Co. provides business consulting, technology, engineering and outsourcing services. Co.'s end-to-end business solutions include: Consulting and Systems Integration - consulting, enterprise solutions, systems integration and advanced technologies; Business IT Services - application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; and Products, business platforms and solutions, including Finacle™, which addresses core banking, mobile banking and e-banking needs of banks worldwide.
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