Infosys was already sitting on a huge cash pile and was looking at inorganic route to grow their delivery capabilities, said Vibhor Singhal IT analyst at Phillip Capital.
Do not see a huge financial impact of this acquisition on Infosys topline and bottomline number.
Lead Analyst – Infrastructure & IT Services
Speaking on the Infosys decision to acquire an automation tech company Panaya Inc, Vibhor Singhal IT analyst at Phillip Capital said it as a small but positive step and a strategic deal for Infosys.
However, one must not expect the acquisition to have a huge financial impact on Infosys topline and bottomline numbers because it would more help them improve their delivery capabilities and cloud domain, said Singhal.
Infosys was already sitting on a huge cash pile and was looking at inorganic route to grow their delivery capabilities, he added.
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Infosys stock price
On February 16, 2015, at 13:16 hrs Infosys was quoting at Rs 2271.50, down Rs 24.9, or 1.08 percent. The 52-week high of the share was Rs 4401.00 and the 52-week low was Rs 1447.00.
The company’s trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 21.7. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.20.