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Infosys Enters Collaboration With Knorr-Bremse, A Purveyor Of Braking Systems And Safety-Critical Components For Rail And Commercial Vehicles

Benzinga Newsdesk

As part of Knorr-Bremse AG's Tech4Value (T4V) IT transformation program, Infosys will deliver end-to-end managed services across the company's entire enterprise application ecosystem spanning both Rail and

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  1. Rich Smith

    Why Did Infosys Stock Pop on Thursday?

    Infosys stock jumped 6.6% on Thursday following Accenture's strong Q4 earnings beat, which exceeded analyst expectations on both revenue ($18.7B vs $18B expected) and earnings ($3.29 vs $3.19 EPS expected). Investors are extrapolating Accenture's positive results to anticipate similar strong performance from Infosys when it reports earnings on October 23. However, the author notes Infosys faces a high bar for sales growth (10.7% expected) and a low bar for earnings growth (5% expected), requiring significantly faster earnings growth to be considered a buy.

    ACNINFY