5 Reasons Why Infosys Shares Jumped 10% After Q1 2015-16 Numbers

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It was a sterling financial performance by Infosys for the quarter ending June 30, 2015 (Q1 2015-16). The share has jumped a huge 10 per cent following the results. Here are 5 reasons why the stock markets cheered the numbers.

Check Infosys stock quote and financials

5 Reasons Why Infosys Shares Jumped 10% After Q1 2015-16 Numbers
1) Highest revenue growth in 15 quarters

Infosys reported revenue growth of 7 per cent (quarter-on-quarter). This was the highest in 15 quarters.

2) Volume growth highest in 19 quarters

Volume growth at 5.4 per cent (quarter-on-quarter) was the highest in 19 quarters.

3) Largest client crosses $300 million

Infosys has said that its largest client has crossed $300 million and it added 2 clients in the $200 million category.

4) Attrition rate falls sharply

A series of measures have ensured that attrition rate of the company has fallen sharply t0 14.2 per cent as against 23.4 per cent in Q1 2014.

5) 2015-16 revenue guidance retained

The company has retained its 2014-15 revenue guidance at 10-12 per cent in constant currency. Markets largely cheered the guidance.

Analysts have given a big thumbs-up to the company's results and the share price may continue to rally in the coming weeks.


Read more about: infosys
Story first published: Tuesday, July 21, 2015, 10:17 [IST]
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