Infosys Ltd reports results for the quarter ended September 30 - Earnings Summary

• Infosys Ltd INFY reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of eight analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 19 cents to 21 cents per share.

• Revenue rose 3.7% to $5.08 billion from a year ago; analysts expected $5.04 billion.

• Infosys Ltd's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $839 million.

• Infosys Ltd shares had risen by 1.0% this quarter and lost 25.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Infosys Ltd is $19.51, about 15.7% above its last closing price of $16.44

This summary was machine generated from LSEG data October 16 at 12:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)