Infosys Stock Review Highlights
Abbreviation: INFY Shares: 1.14b
Industry: Tech Dividends: Yes
One of the technology companies that decided to drop NASDAQ and go for NYSE listing.
Infosys History Review
The company was established in July of 1981 as a software development company by the name of Infosys Consultants Pvt. Ltd. The funds to purchase the company were borrowed from the wife of one of the founders and was operated from the home of another located in Model Colony, North-Central Pune. Just one year later, the company relocated to Bangalore and established its headquarters there.
The company received such tributes as being voted Best Employer to work for 3 years straight beginning in 2000, Best Employer in India 2001, and was the only Indian company to win the Global MAKE Award, also three years in a row commencing in 2003. This was the award landed the company a spot in the Global Hall of Fame. Later, in 2009 Forbes named Infosys among the top five Best Performing Companies in software and services and it was named one of the top fifty Most Innovative Companies by Business Week.
As an industry trailblazer, Infosys delivers on its promise to provide innovative services and market solutions to its customers. Infosys has the business world covered with solutions in almost every industry imaginable. Whether it’s the dynamics of Aerospace or Automotive engineering, wealth building in the Banking and Finance markets or Information Management on the IT circuit, Infosys has the answers to your questions.
Infosys Performance Summary
The company was started with a meager $250 and has grown to boast a revenue of more than $8 billion and a market cap of over $36 billion. Today the company has over 165,000 employees, worldwide with offices located in America, Canada, Mexico, Brazil, Costa Rica, Asia Pacific, Europe, the Middle East and Africa.
In 1993, Infosys went public and became the first India based IT company to be listed on NASDAQ. By 1999 the company’s shares were some of the highest in the market. It was recognized as one of the top twenty companies listed on NASDAQ. Just one year later, the company was confirmed to be growing at a remarkable rate of nearly 70% per year.
In 2012 it decided to drop NASDAQ listing and NASDAq-100 index. On December 12 it started its NYSE listing. NASDAQ had several tries to get Infosys back to their listing but they did not succeed.
Infosys Key People
The list of most important people at the company starts with company’s founder Narayana Murthy.
Current CEO and Managing Director is Vishal Sikka.
David D. Kennedy is currently Executive Vice President and General Counsel.
Infosys 2014 Summary Performance
The performance of Infosys during 2014 can be characterized as more or less stable. The stock prices were in the range between $25 and $34 per share and beta was at the level of 1.1 and 1.2.
The beginning of 2014 started with price growth until the end of February. Downward-sloping trend continued from the beginning of March to the end of May. Stocks price at the end of May was at yearly minimum of $25.72 per share. Yearly maximum was in the end of November and gave the beginning of new decreasing trend that continued till the end of the year.