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Infosys Stock Falls After Q4 Earnings - What's Going On?
Infosys Ltd (NYSE: INFY) reported fourth-quarter revenue growth of 0.2% year-on-year to $4.56 billion, beating the consensus of $4.52 billion.
Revenues in constant currency (CC) terms remained flat year over year and declined by 2.2% quarter over quarter. EPS of $0.23 beat the Street analyst estimate of $0.17, up from $0.18 a year ago.
TCV's significant deal win was $4.5 billion. The operating margin declined by 90 bps to 20.1%.
Infosys held $1.8 billion in cash and equivalents as of March 31, 2024. It ...