city Mumbai covid-19 crisis city Mumbai

Infosys declines 4% as lack of guidance indicate uncertainty

Reading now: 455
www.livemint.com

MUMBAI : Shares of Infosys were down as much as 4% on Tuesday as uncertainty about its business indicated by lack of guidance by the company made investors cautious.

The IT major suspended both revenue growth and margin guidance for FY21 citing uncertain macro environment post covid-19. Infosys shares closed at Rs633.05, down 3.04% from its previous close, while the benchmark index, Sensex lost 3.20% and BSE IT index fell 3.53%.

Infosys consolidated net profit (after minority interest) fell 3.05% to Rs4,321 crore for the quarter ended 31 March against Rs4,457 crore for the quarter ended 31 December quarter.

In dollar terms, its revenue increased 4% year-on-year. Analysts at Motilal Oswal Financial Services have marginally cut Infosys FY21

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Jim Kenney - Philadelphia mandates: City to announce 'adjustments' to COVID-19 mitigation measures Wednesday - fox29.com - state Pennsylvania - city Philadelphia
fox29.com
90%
112
Philadelphia mandates: City to announce 'adjustments' to COVID-19 mitigation measures Wednesday
PHILADELPHIA - Philadelphia officials will announce changes to COVID-19 mitigation during their weekly coronavirus response briefing on Wednesday, according to Mayor Jim Kenney. The changes would come as health officials and Mayor Jim Kenney say case counts and positivity rates have continued to fall in Philadelphia. At the peak of the omicron surge, around Jan. 3, Philadelphia was reporting 38% positivity rates and approximately 2,600 daily cases. On Monday, the city reported a positivity rate of less than 3% and around 200 daily cases in recent weeks. "There will be some adjustments tomorrow," Kenney said Tuesday morning after attending a groundbreaking for a local playground. Philadelphia Mayor Jim Kenney said Tuesday that he believes masks have helped keep people safe during the pandemic.  When asked if the time had come for the city’s mask mandates to end, Kenney credited the wearing of masks as playing an important role in the drop in case counts. "It only happened because of this discipline," Kenney said point to his 76ers themed facemask. Senior Director of Operations for Pennsylvania Restaurant and Lodging Association Ben Fileccia told FOX 29 on Monday that he expected Philadelphia officials to make an announcement Wednesday about metrics they will use to determine appropriate mandates going forward.On Tuesday, Kenney revealed that the city would be announcing some ‘numbers and data points’ in reference to possibly easing some restrictions on Wednesday.
DMCA