The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).
Infosys on Wednesday said it has joined hands with Stanford University Institute for Human-Centered Artificial Intelligence (Stanford HAI) to help accelerate AI research initiatives. The IT major will become a part of the institute's Corporate Affiliate Program, according to a statement. The initiative will leverage Infosys AI-offering Topaz to focus on key areas to drive innovation and accelerate enterprise AI adoption, the statement said. As part of this programme, Infosys will engage with Stanford HAI faculty and researchers on topics like responsible AI, optimisation of AI models for cost efficiency, and enhancing the effectiveness of business process value chain through AI and ML, among others. "Through this collaboration, Infosys will support the development of cutting-edge thought leadership and research that will help enterprises accelerate their AI journey in a responsible manner. "By incorporating the latest AI research and proven practices into Infosys Topaz, we aim to
4-month-old Ekagrah Rohan Murty, born to Rohan Murty and Aparna Krishnan, may be India's youngest millionaire
Stocks to Watch: Infosys delivered a weak performance in Q4 as its profit declined 6.9 per cent on a sequential basis, while revenue dropped 2.3 per cent QoQ
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation
The stock underperformed both the Nifty and the Nifty IT index, which fell 1.5% and 2%, respectively
The Bengaluru-based IT major saw its revenue rise 23 per cent to Rs 32,276 crore in the recently concluded quarter, as against Rs 26,311 crore in the previous corresponding period
Infosys co-founder S D Shibulal bought the shares of the IT major from wife Kumari Shibulal through an open-market transaction, for a second time this week
Infosys' profit before tax (PBT) stood at Rs 5,792 crore, up 12 per cent year-on-year (YoY).
The police suspected the trio might have made about Rs 15 lakh so far as commission from taxpayers
Infosys says the anonymous complaints were still under investigation as company's stocks rise.
In April this year, the board of Infosys adopted a new stock plan called "Expanded Stock Ownership Programme"
"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes
The anonymous letter alleges the current management is taking 'unethical' steps to raise short-term revenue and profit.
Wipro, TCS and HCL Technologies ended with gains of more than half a per cent
Infosys dived as much as 6 per cent Monday, its steepest intra-day fall since August
As per BSE filing, Shibulal gifted 7.9 million shares and his daughter Shruti gifted 12.3 million shares
Infosys denied plans of stake sale; Murthy and rest of the founders have 12.75% stake in the company