Skip to footer

business

Infosys shares fall 2% after multiple downgrades, price target cuts after Q1 results

Updated 4 min read

Published by Agyata NewsroomEditorial policyCorrections

Archived — last updated

Infosys shares fall 2% after multiple downgrades, price target cuts after Q1 results Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.

Latest updates

Infosys shares fall 2% after multiple downgrades, price target cuts after Q1 results

Infosys shares fall 2% after multiple downgrades, price target cuts after Q1 results Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News. Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.

CNBC TV18

Infosys Shares Downgraded by Multiple Brokerages

Infosys' shares have been downgraded by multiple brokerages, including JPMorgan and Jefferies, following the company's Q1 results. The company's revenue and margins missed Street estimates, leading to price target cuts. According to reports, nearly two-thirds of the 51 analysts who cover the stock have a 'buy' rating, while 14 have a 'hold' and three have a 'sell' rating. The company's Q1 results were reported after market hours on Thursday, and the shares fell as much as 2% in reaction.

CNBC TV18The Economic TimesMoneycontrol.com

Infosys Names Insider Ashiss Kumar Dash Next CEO, Trims Growth Forecast

Infosys has named Ashiss Kumar Dash as its next CEO, replacing Salil Parekh. The company has also trimmed its growth forecast due to the ongoing economic uncertainty. Ashiss Kumar Dash is an insider at Infosys and has been with the company for over 20 years. He has held various leadership positions within the company and is well-equipped to lead the company forward. The company's decision to trim its growth forecast is a reflection of the ongoing economic uncertainty and the impact it has on the company's business. The new CEO is expected to take over in the coming months and will be responsible for leading the company's growth and expansion plans.

Reuters

Infosys Names Insider Ashiss Kumar Dash Next CEO, Trims Growth Forecast

Infosys has named Ashiss Kumar Dash as its new CEO, replacing Salil Parekh. The company has also trimmed its growth forecast, citing a challenging market environment. Dash has been with Infosys for over 20 years and has held various leadership positions within the company. The move is seen as a significant step towards addressing the company's growth concerns. The company has been facing a challenging market environment, with rising competition and a slowdown in demand. The new CEO has been tasked with ensuring that the company meets its growth targets and maintains its market leadership. The company has also trimmed its growth forecast, citing a challenging market environment. The move is seen as a significant step towards addressing the company's growth concerns. The company has been facing a challenging market environment, with rising competition and a slowdown in demand. The new CEO has been tasked with ensuring that the company meets its growth targets and maintains its market leadership.

Reuters

Infosys Names Insider Ashiss Kumar Dash Next CEO, Trims Growth Forecast

Infosys has named Ashiss Kumar Dash as its next CEO, replacing Salil Parekh. The company has also trimmed its growth forecast for the current fiscal year, citing a challenging global economic environment. Dash, who is currently the company's Chief Operating Officer, will take over as CEO on August 1. The company's growth forecast has been trimmed to 10-12% for the current fiscal year, down from the earlier forecast of 12-14%. This decision comes as the company faces a challenging global economic environment, with rising inflation and interest rates affecting its business.

Reuters

Infosys Posts 12% Rise in Q1 Net Profit, Names Ashiss Kumar Dash CEO-Designate

Infosys, the country's second-largest tech firm, has reported a 12.2% growth in net profit to ₹7,769 crore in the June-ended quarter, a 14% rise in revenue from operations to ₹48,211 crore. The company has also named Ashiss Kumar Dash as its CEO-designate, succeeding Salil Parekh. Parekh, who has been at the helm for nearly a decade, will step down on March 31, 2027. The Bengaluru-based company's Q1 results have been attributed to a strong performance in its digital business, which grew 18% year-on-year. The company's net profit for the quarter ended June 30, 2026, was ₹7,769 crore, up from ₹6,921 crore in the same period last year. The revenue from operations for the quarter was ₹48,211 crore, a 14% increase from ₹42,212 crore in the corresponding period last year. The company's digital business, which accounts for a significant portion of its revenue, grew 18% year-on-year, driven by strong demand for its cloud and AI services. The company's Q1 results have been well-received by investors, with its stock price rising by over 5% in early trading on Friday.

The HinduThe Indian ExpressMint

Infosys Appoints Ashiss Kumar Dash as CEO Designate

The board of IT major Infosys has appointed Ashiss Kumar Dash as the chief executive officer (CEO) designate. Dash will succeed Salil Parekh as managing director & CEO in 2027, following the completion of Parekh's second term. Dash is currently Infosys' EVP & Global Head - Services, Utilities, Resources, Energy & Enterprise Sustainability. He has held senior leadership roles in the company during his 14-year tenure.

Economic Times

Infosys Q1 Results: Profit Up 12% YoY, Revenue from Operations Up 14% YoY

Infosys has reported a 12.3% year-on-year rise in consolidated profit to ₹7,769 crore for the April-June quarter of the financial year 2026-27. Revenue from operations for Q1FY27 stood at ₹48,211 crore, up 14% YoY and 3.9% QoQ. The company has also announced the appointment of a new CEO, who will take over from the current CEO in the coming months. The company's Q1 results are expected to have a significant impact on the IT sector, which has been facing significant challenges in recent times.

Mint

Sources

AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.

Topics