Friday, July 19, 2024

Infosys beats PAT and revenue estimates, dials up outlook

A strong revenue expansion of 3.7% YoY during the period prompted the second-largest software exporter to forecast growth of 3-4% for FY25 against its earlier guidance of 1-3%. “We had a strong performance in Q1 on large deals and financial services in the US is seeing early signs of improvement," said CEO and MD Salil Parekh.

from Tech-Economic Times https://ift.tt/3j1VXrC

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...