Infosys Stock tumbles almost 10 per cent

On July 15, Infosys stock is down by almost 10 per cent or Rs 99.85 to Rs 1076, after weak Q1FY17 results have been declared during morning session on Friday. The stock hit day’s low or Rs 1060 and high of Rs 1195. Whereas the IT index is down by 525.2 points to 10682 points after the disappointing results from IT giant, Infosys.

The EBITDA margin has declined by 150 basis points to 26.5 per cent in Q1FY17 on a quarterly basis, whereas the Net profit has declined by 6.31 per cent to Rs 3457 core in Q1FY17 on a quarterly basis, and the net profit margin haa declined by 200 basis points to 20.6 per cent in Q1FY17 as compare to previous quarter.

Infosys is a global leader in consulting, technology, and outsourcing and next-generation services. They have clients in more than 50 countries to outperform the competition and stay ahead of the innovation curve. They provide enterprises with strategic insights on what lies ahead. They help enterprises transform and thrive in a changing world through strategic consulting, operational leadership, and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data, and cloud computing.