Ways2Capital Reviews : Infosys Clarifies On Report Of Delay In Filing Of Form 20F

Infosys has clarified that the company will file the form 20F within the stipulated time and has sufficient time to do so, the company said in the filing.

However, speculation that the Form 20F is not filed in time or there is an ongoing SEC investigation is baseless and incorrect, it added.

The stock is currently trading at Rs1,275.60 up by Rs3.3 or 0.26% from its previous closing of Rs1,272.30 on the BSE.

The scrip opened at Rs1,269.90 and has touched a high and low of Rs1,282 and Rs1,260 respectively.

In 4QFY18, Infosys derived major share of revenue from BFSI vertical (~33%), while Manufacturing contributed (~22%), Retail & CPG (~13%) and Telecom (~11%). North America accounted for ~59% of the revenue followed by Europe (~25%) in Q4FY18. The management has guided for cc (constant currency) growth of 6-8% yoy for FY19.
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About Bhoomi Desai