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

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

    GoodReturns.in

    Read more about: infosys
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more