Infosys Q4 Earnings: Profit Jumps 30% YoY, Goldman Sachs Cuts TP

) announced a robust performance for Q4 FY24, with a net profit of INR 7,975 crore, marking a significant 30% YoY increase. Despite challenges, the company reported a 1.3% YoY growth in revenue, reaching INR 37,923 crore.

Goldman Sachs maintains a Buy rating with a 16% upside, highlighting Infosys's resilience but lowered the 12m target price by 4% to INR 1,650 . However, they caution a negative read-across for companies like Wipro and LTIM, particularly those reliant on discretionary revenues. Infosys's note on tight budgets in the Communications sector could also impact companies like TechM, suggesting broader implications within the sector.

InvestingPro Fair Value is a game-changer for investors, offering them the insights needed to navigate the complexities of the stock market with confidence. By understanding a stock's true value and using Fair Value assessments strategically, investors can seize opportunities while minimizing risks.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Goldman Sachs profit jumps 28% on investment banking strengthGoldman Sachs profit jumps 28% on investment banking strength
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Q1 S&P 500 Earnings: Another Normal Earnings Season in the Offing?Stocks Analysis by Brian Gilmartin covering: S&P 500, Intuitive Surgical Inc, Johnson & Johnson, Abbott Laboratories. Read Brian Gilmartin's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beatShares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »

Goldman Sachs' profit beats as investment banking fuels highest earnings since 2021Goldman Sachs' first-quarter profit beat Wall Street estimates as a recovery in underwriting and dealmaking boosted its investment banking unit, helping it post the highest earnings per share since 2021.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »