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Context from Wikipedia on the organisations, people and places in this story.
Indian multinational technology company
Infosys Limited is an Indian multinational technology company that offers information technology, business consulting, and outsourcing services. Founded in 1981 by seven engineers, the company is headquartered in Bengaluru and considered one of the Big Six Indian IT companies.
More on Wikipedia ↗IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up to 4% on Friday. The gains came amid a confluence of factors, including second-quarter earnings and the US suspension of a certification programme. TCS and Wipro were among the key gainers, while midcap IT stocks…
IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. Currency tailwinds may also support margins across Indian IT services…
The US-listed shares (ADRs) of both Infosys and Wipro fell as much as 4% each on the H-1B visa developments before staging a sharp recovery from the lows. While the Wipro ADR ended unchanged, the Infosys ADR reversed all the losses to end with gains of 1.1%.