Infosys Profit up More than 12 Percent & Earning Up 0.6 Percent, Infosys Investment View for Short term

In the Fourth quarter of Fiscal year 2019, Infosys net profit grew by 12.9 percent to Rs 4074 crore, while Infosys net profit was Rs 3609 crore in the third quarter of the financial year 2019.

Infosys earnings in the fourth quarter of fiscal year 2019 have increased 2.4 percent to $ 306 million, while in the third quarter of the financial year 2019; Infosys has revenue of $ 298.7 million.

In the Fourth quarter of the Financial year 2019, Infosys Earnings in the rupee rose 0.6 percent to Rs 21539 crore, while in the third quarter of the financial year 2019, the revenue of Infosys was Rs 21400 crore.

In the January-March quarter, Infosys EBIT has decreased from Rs 4,830 crore to Rs 4618 crore in the quarter by quarter. In the fourth quarter of the quarter, the company Abit margin decreased from 22.6 per cent to 21.4 per cent.

Infosys has given a constant currency growth target of 7.5-9.5 percent for the financial year 2020. At the same time, operating profit margin target for this period is 21-23%. In the March quarter, the company added 101 new customers. Infosys attrition rate in the fourth quarter was 20.4 percent.

The company has appointed Nilanjana Roy as CFO. Also the final dividend of Rs 10.50 per share has also been announced. On the quarterly basis, the company digital income grew 33.8 percent to $ 104 million in the fourth quarter.

Infosys Short term View  for Investment 

@Buy INFY for Short term Above 740 ( 500 to 5000 Shares) Target 779  Stop Loss 719, hold it more than 1 week. 

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