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Infosys Results Q1 2023 Live: Infosys to announce FY24 first quarter results shortly

Infosys Q1 Earnings Live Updates: CEO Salil Parekh said that the IT major developed generative AI tools based on open source model, and trained 40,000 employees in these areas. ....

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Infosys slashes FY24 revenue guidance to 1-3.5%, profit increases 11% YoY

The IT major revised its FY24 revenue guidance to 1.0-3.5 percent and operating margin guidance was retained at 20-22 percent. ....

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Infosys headcount shrinks by 6,940 in Q1FY24, employee count declines for second consecutive quarter

Attrition for the quarter continued its downward trend and came in at 17.3 percent, from last quarter’s 20.9 percent. ....

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Delays in decision-making, clients cutting back on spends: Why Infosys sees a bleak year ahead

CEO Salil Parekh said they see clients stopping or slowing down transformation programs and discretionary works particularly in financial services in mortgages, asset management, investment banking and payments and in telecom. ....

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