#THREAD

In October 2022, the UK Government Digital Service entered into an initial one-year contract with #Fujitsu, which “will be responsible for all the technical delivery, design iterations and 24/7 operational support” of the emergency alerts system tested yesterday.

Fujitsu previously fulfilled a one-year £665,000 contract covering project-management and support services during the development of the alerts service, which has been in the works since 2018 and was tested in several parts of England in 2021, before its nationwide launch.

Concerns have been raised about why the Govt awarded the £5 million contract to run the emergency alert programme to Fujitsu, the company behind the Post Office IT scandal that led to the conviction of more than 700 postmasters, as well as suicides & wrongful imprisonment.

Read 38 tweets

scripbox

@scripbox

Last week the latest #SalmanKhan starrer arrived in theatres, and the reviews seem mixed, depending whether one is a #Bhai fan or a critic. Meanwhile, what is the review on the market’s performance last week? Let’s break out the popcorn and watch. (1/8)

#Sensex and #Nifty dropped by over 1.1%. #RBI representatives remained optimistic about India’s #domesticgrowth during the monetary policy committee meeting, despite concerns about uneven growth in the economy & weak demand from outside India. (2/8)

Another big reason for the drop was the weak performance of #Infosys during Q4FY23. The #BSE tech & #IT indices dropped over 5%, as overall IT results were on the weaker side. (3/8)

Read 8 tweets

ET Money

@ETMONEY

Investors prefer liquid funds for building an emergency corpus.

Now that the taxation of debt funds has changed, investors are looking for alternatives.

One option is Arbitrage funds. They offer a #tax advantage.

We compare both categories to see which is better.

A thread 🧵

Let’s start with the basics: What are Arbitrage Funds?

These are part of the hybrid fund category and invest in arbitrage opportunities.

They follow complex methods.

But to understand the concept, let’s look at a simple example. 👇

Say #Infosys is trading at a higher price on #NSE compared to BSE.

So, the fund manager buys Infosys on BSE and sells on NSE simultaneously.

Usually, these funds look for mispricing opportunities in the ‘Cash’ and the ‘Futures & Options' markets.

Read 13 tweets

Abheet Nigam | Fin&Biz Writer

@MaginAbheet

Infosys stock is down almost by 20% in a year. 📉

A data-driven analysis 🧵

#infosys

Infosys is one of the leading IT companies in India, with a market cap of over 5 trillion rupees.

A consistent performer in the past - delivered strong revenue growth and dividends.

However, stock has dropped steadily.

What is behind this trend?

Let's look at data.

Disappointing Q4 Results

The company reported a net profit of 51.97 billion Rs. - below analysts' expectations of 53.08 billion Rs.

The revenue growth was also lower than expected at 17.5% year-on-year, compared to 18.1% in the previous quarter.

Read 6 tweets

ICICIdirect

@ICICI_Direct

Infosys' ADR has fallen by ~9.8% after Q4FY23 results📉🔻

We maintain a BUY rating, but have reduced our target

In this thread we discuss:
🔸Results
🔸Guidance
🔸Our view and
🔸TARGET

A thread🧵👇

#Infosys #LearnWithICICIDirect #ICICISecurities

[1] Revenue Growth – Q4FY23

In CC terms:
🔸Grew 8.8% YoY📈
🔸Dropped 3.2% QoQ📉🔻

🔸Major miss from our estimates of +0.1%/0.3% QoQ CC growth

🔸This resulted in miss in FY23 revenue growth at 15.4% YoY CC vs guidance of 16-16.5%

🔸Due to unplanned project ramp downs

[2] EBIT Margins - 21% for Q3FY23

🔸Decline of 0.5% QoQ
🔸Decline of 0.6% YoY

🔸Decline in margin was due to dip in utilisation and unexpected fall in revenue

🔸Margins are lower by 50 bps QoQ from our estimates of 21.5%/21.7%

Read 10 tweets

Ashish Verma

@AshVerma111

@CNBC_Awaaz

#INFOSYS

Q4 QoQ - REVIEW

⚠️ A MISS ON ALL FRONTS!

CONSTANT CURRENCY REVENUE
🤦‍♂️ Declines 3.2% Vs Expectation of 0.5% Growth

MARGIN
🤦‍♂️ Down 50 Bps @ 21% Vs 21.5%
📌 Expectations were at around 21.5%
🧐 This When Attrition Rate At 20.9% Vs 24.3% (QoQ)

@CNBC_Awaaz

@CNBC_Awaaz

#INFOSYS

FY’23 PERFORMANCE

📌 Revenue Growth
@ 15.4% Vs Company’s Guidance Of 16-16.5%

📌 EBIT Margin
@ 21% .. Comes In At Lower-end Of Co’s 21-22% Guidance

@CNBC_Awaaz

@CNBC_Awaaz

#INFOSYS

FY’24 GUIDANCE 🥴

📌 Revenue Growth Guidance
@ 4-7% Vs Expectation of 6-8%
A) Way Lower A Start That What The Street Was Expecting
B) Plus Bigger Band Reflects More Uncertainty

📌 EBIT Margin Guidance
@ 20-22% VS Expectation of 21-23%

@CNBC_Awaaz

Read 4 tweets

WhateverItTakesFromYou

@TabishSk21

Forcing Someone to a Vulnerable Position to Get What You want is Poor Leadership Skill!

#WhateverItTakesFromYou
#InfosysDiaries

#amwriting

#ITquotes
#itstories
#itconfessions

#whateverittakesfromyou_antiharassment
#antiharassment_whateverittakesfromyou
#WhateverItTakesFromYou_AntiBullying
#AntiBullying_WhateverItTakesFromYou

#dreamwastaken
#124O49

#manchester #dublin
#UK #Ireland
#Barclays #AIB #Infosys

#SpeakUp
#justice #Equality

#motivationalquotes

#tabishshaikh #authorssupportingauthors #authorscommunity #wisdomquotes #writerscommunity

#IHaveAVoice
#youmakesense

Read 4 tweets

Khalil Afridi

@khalilApriday

Get ahead in your career:

How Coursera.org free #cybersecurity courses can boost your resume and job prospects

Follow the thread for a creative and engaging look free cybersecurity courses For Beginners & Professional 💻 #Cybersecurity

#Infosys #infosecurity

1⃣ #IBM #cybersecurity #Analyst
coursera.org/professional-c…

2⃣ Ethical #hacking Essential

coursera.org/learn/ethical-…

Read 11 tweets

Mr.Bai

@Mr_Bai007

#jobopenings #Thread
#TCS
Inviting graduates in Arts, Commerce & Science YoP 2023 to apply for TCS BPS Hiring

❗Registration End Date: 20th January 2023 (Friday)
❗ Test Date: 3rd February 2023 (Friday)

🔗tcs.com/careers/india/…

#Infosys

Role Designation: Jr. Accountant
Job location: Bangalore
Education: BCom/Mcom/BBA/MBA
Shifts : 24*7
Experience : Freshers

🔗career.infosys.com/jobdesc?jobRef…

#IBM

Role: UI Developer
Required Technical and Professional Expertise

Experience: 0 to 4 years.
Qualification: Bachelor’s Degree in Engineering, Preferred- M S, M tech

🔗careers.ibm.com/job/16717667/u…

Read 4 tweets

Dr.Ranjeet Singh Chaudhary

@HorizonLtd2

@StocksTreasures

In last 4 Months I have suggested 40 Stocks. Here, I am trying to figure out how much money💸💸 would have become by Investing Rs 1 lakh in each of the 40 stocks.
@StocksTreasures @itsqfa @farirf07 @kuttrapali26 @nakulvibhor @JakeraChoudhury

➡️Recommendation Date of #FMCG Stocks is 3 July
➡️#vbl #ITC #RadicoKhaitan #unitedspirits #ubl #emami #hindustanunilever #nestle #tataconsumer
➡️TOTAL INVESTMENT9,00,000
➡️TOTAL VALUE AS PER HIGH11,26,228
➡️%RETURN ON INVESTMENT25.13%
➡️PROFIT2,26,228

➡️Recommendation Date of #Financial Stocks is 9 July
➡️#sbin #ICICIBank #HDFCBank #shriramtransportfinance #mahindrafinance #BajajFinance #KOTAKBANK #AxisBank
➡️TOTAL INVESTMENT8,00,000
➡️TOTAL VALUE AS PER HIGH9,90,458
➡️%RETURN ON INVESTMENT23.80%➡️PROFIT1,90,458

Read 7 tweets

Tim White

@TWMCLtd

Eight months ago today #Russia did what it promised the world it would not do, and invaded a peaceful country.

Over 100,000 deaths later, the fight to protect democracy and freedom continues. #Ukraine will prevail.

This is the daily news thread for Day 243 of #PutinsWar

https://twitter.com/TWMCLtd/status/1584072268355088392

Sorry for the late start, today's like my Sunday, including a lie-in!

Sunday itself was a crazy day with a lot of news and a bumper thread. If you want to catch up, scroll through here:

#StandWithUkraine #StopRussia

https://twitter.com/TWMCLtd/status/1584072268355088392

Day 243 is the day the #UK is likely to get a defacto new leader.

This month's Prime Minister will be Rishi Sunak. A poisoned chalice; I suspect Boris bides his time for a post-election-defeat leadership bid.

Sunak's been the least vociferous on #Russia but nothing will change

Read 33 tweets

Jagadeesh Chowdary

@Jagadeesh0203

📊MAJOR IT STOCKS AND HIGH LEVEL DETAILS

A Thread 🧵

📊TATA CONSULTANCY (#TCS)

💥Fundamentals: very good

💥Valuation: Expensive

💥Q1 FY23 result:

🏷Net Sales up 4.28% QoQ, Up 16.18% YoY

🏷Net profit down 4.51% QoQ, Up 5.22% YoY

💥Attrition Rate: 19.7%

💥Technicals: Slightly Bearish.

💥Below 50 day, 200 day moving average

📊INFOSYS LTD (#INFOSYS)

💥Fundamentals: very good

💥Valuation: Expensive

💥Q1 FY23 result:

🏷Net Sales up 6.8% QoQ, Up 23.57% YoY

🏷Net profit down 5.73% QoQ, Up 3.18% YoY

💥Attrition Rate: 28.4%

💥Technicals: Slightly Bearish.

💥Below 50 day, 200 day moving average

Read 13 tweets

The Citizens

@allthecitizens

@BylineBITE

🚨 A new investigation for @BylineBITE & @allthecitizens by @manasa_nara reveals concerns related to Sunak's wealth links to #Infosys - which has had a 'problematic tax and governance record.'

Sunak derives much of his wealth from this company.
bylinetimes.com/2022/08/04/ris…

Investigation reveals there are "serious allegations of fraud and financial misconduct against Infosys and its top executives."

These include allegations of visa & tax fraud with regard to its US operations + allegations of financial misconduct & impropriety in India.

Sunak & his wife have a combined wealth of around £700 million much of which comes from Indian company Infosys which belongs to Sunak's father-in-law Narayana Murthy.

The company has a 'revenue of more than $16 billion and market value of $77.88 billion.'
bbc.co.uk/news/uk-politi…

Read 8 tweets

artisbrutal2021

@artisbrutal2021

https://twitter.com/TweetForTheMany/status/1513541782738542599

Wait, after Goldman Sachs Rishi Sunak went to work for "The Children's Investment Fund Management (UK)" aka TCI ??
archive.ph/tWBHC

https://twitter.com/TweetForTheMany/status/1513541782738542599

https://twitter.com/artisbrutal2021/status/1513193983807262728

At Goldman Sachs, Sunak was mentored by Snehal Amin, and when Amin moved to TCI Sunak followed..

https://twitter.com/artisbrutal2021/status/1513193983807262728

In between Goldman Sachs and TCI, Sunak went to Stanford on a scholarship for their two-year MBA at Stanford Business School (2004-2006)

coz.. he was so bright 😅

COINCIDENTALLY.. Snehal Amin was a Stanford MBA too

efinancialcareers.ch/en/news/2022/0…

Read 24 tweets

Business Insider India🇮🇳

@BiIndia

@Krittiiii

#India’s most expensive homes: #DMart’s Radhakishan Damani’s dream home cost him ₹1,001 crore

businessinsider.in/india/news/ind…

By @Krittiiii

Avenue Supermarts’ (DMart) founder and CEO, #RadhakishanDamani, bought the most expensive home in India last year. The house, located in the Malabar Hill area of #Mumbai, was bought for a whopping ₹1,001 crore in April last year.

The 90-year-old house is said to be spread over 5,752 square meters. Notably, Damani is the 72nd richest man in the world with a networth of $19.7 billion as per Bloomberg Billionaires Index.

#RadhakishnanDamani
bloomberg.com/billionaires/

Read 8 tweets

Moneycontrol

@moneycontrolcom

@NandanNilekani

Challenges such as slowing growth, supply chain disruptions, soaring inflation, rising interest rates & fears of recession present an opportunity to transition to new ways to gain market share.

Read what #Infosys Chairman @NandanNilekani said🔽
moneycontrol.com/news/business/…

@hrprya✍️

@NandanNilekani

Read what Infosys Chairman @NandanNilekani said at the company’s 41st Annual General Meeting 👇
moneycontrol.com/news/business/…

#Infosys #IT #Employment

Infosys Chairman Nandan Nilekani addressed shareholders at the company’s 41st Annual General Meeting.

Read on🔽
moneycontrol.com/news/business/…

#Infosys #IT #StockMarket #ShareMarketIndia

Read 5 tweets

Abhay Doshi

@AbhayDoshi11

🧵 Mega Thread, for the Mega IPO of #LIC 💰

Let us dive 👇

Please Like, Share, Retweet if you find it useful 😄

IPO details:

IPO Opens: 4th May,2022
IPO Closes: 9th May,2022
Face Value: ₹10 per equity share
Price Band: ₹902 to ₹949 per share
Min lot: 15 shares
Issue Size: ₹21,008.48 crs
OFS: 221,374,920 Shares
(1/n)

The IPO will be purely OFS where Government of India will be offloading 3.5% stake in LIC

Employee reservation- Up to 1,581,249 Equity Shares
Policy Holder reservation- Up to 22,137,492 Equity Shares
Post that
QIB - 50%
Retail - 35%
NII - 15%
(2/n)

Read 23 tweets

UdthaBollywood 🇮🇳🚩🚩

@BanCheneProduct

#Thread #Parenting
-------------------------------

Have we failed in bringing up.our ‘modern’ kids?

A very distressed neighbour shared that he had driven home after a long day at work. As he entered, he saw his wife in bed with fever. She had laid out his dinner on a tray.

1

Everything was there just as he wanted it. The dal, vegetables, salad, green chutney, papad and pickles… ”How caring,” he thought,
“Even when she is unwell, she finds the strength to do everything for me.”

As he sat down to eat, he realised that something was missing.

2

He looked up at his grown up daughter, who was watching TV and said,

Beta (child), can you get me my medicine and a glass of water, please?

She rolled up her eyeballs to show her displeasure at being disturbed, but did the favour nevertheless.

3

Read 14 tweets

Dr AK Gupta

@optionurol

Infosys disappoints in Q4, big miss on Rev and margins
$ Rev growth at 0.7%, CC Rev growth at 1.2% (Est 2.5% - 3%)
EBIT margins are at 21.5% vs 23.5% (est at 23.3%)

FY23 guidance
+Ve: CC Rev growth seen at 13-15%
-Ve: EBIT % seen between 21-23%

#InfosysQ4Results

@Infosys

@Infosys, Attrition > 25%

One of the key Metrics of a stable company is how many employees it can retain...

I wonder what are the reasons for such high attrition.

#Techjobs
#Infosys

Read 4 tweets

Nikita Poojary

@niki_poojary