Infosys Ltd ADR (NASDAQ:INFY) reported on Thursday that the company has signed an initial deal with the Israeli government to work on business research and development.
Infosys, India’s second-biggest software-services corporation by revenue, reported in a statement on Thursday that the agreement would create a framework for industrial cooperation between Infosys and Israeli corporations in the technology areas of cloud, information security, sensors, analytics and sustainability.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. International Business Machines Corp. (NYSE:IBM) increased +1.04% to settle at $195.10, Computer Sciences Corporation (NYSE:CSC) moved up +0.45% to end at $24.31 while Syntel, Inc. (NASDAQ:SYNT) jumped +1.50% to finish on Thursday at $56.02.
Infosys Ltd ADR (NASDAQ:INFY) last session volume of 1.85 million shares was surprisingly higher than its average volume of 1.81 million shares. The stock after opening at $44.50 hit high price of $44.61 and then closed at $44.36 by scoring +1.28%.
The liquidity measure in recent quarter results of the company was recorded 6.34 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $4.12 billion and a book value per share as $11.51 in the most recent quarter.
The stock price volatility was 2.28% for a week and 1.75% for a month as well as price volatility’s Average True Range for 14 days was 1.10 and its beta remained 1.21.
INFY generated revenue of 6.99 billion in the following twelve months and earned $1.72 billion. The Company showed a positive +24.54% in the net profit margin and as well as in its operating margin which remained +28.78%. Company’s annual sales growth for the past five year was 17.75%.
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