Infosys Limited (NYSE:INFY) recorded its first quarter earnings results on Wednesday 15th July 2020 before market open.
The consulting, technology, and outsourcing service provider, reported $ 0.13 income per share for the quarter, beat the consensus estimate of $ 0.12 income per share by $ 0.01 or 8.33 percent.
The firm had revenue of $ 3,121.00 million for the quarter, compared to the consensus estimate of $ 2938.71 million. The revenues outshined analysts estimates by $ 182.29 million or 6.20 percent.
The financial report showed revenues reduced 0.32 percent versus first quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Salil Parekh, CEO and MD, commented, Our Q1 results, especially growth, are a clear testimony to the relevance of our service offerings and deep understanding of clients business priorities which is resonating with them in these times. It also demonstrates the remarkable dedication of our employees and leadership during this period. Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins.
