\n
\nRecently, there was speculation about Infosys planning a Rs 12,000 crore share buyback which the company had denied.
\n
\nInfosys had liquid assets, including cash and cash equivalents and investments, worth Rs 35,697 crore (about $5.25 billion) on its books at the end of December 2016.
\n
Former CFO of Infosys T V Mohandas Pai<\/a>, along with former colleague V Balakrishnan, had sought a $1.8 billion buyback in 2014 just as CEO Vishal Sikka<\/a> was taking over.
\n
\nReferring to the idle cash with Infosys, Balakrishnan had recently said it seemed that Infosys had become a \"finance company\" rather than an IT company.
\n
\nPai too exhorted institutional investors to raise questions about the huge cash pile on the company's books.
\n
Recently, Cognizant<\/a> too announced a $3.4 billion buyback plan.
\n
\nMain reasons behind a clamour for buybacks at the IT companies is that these companies have had only single-digit growth recently, leading to low shareholder returns. Shareholders can be rewarded through other means such as a buyback.
\n
\nCash is idling at Indian IT companies as they are neither making acquisitions nor investing in growth.
\n
\nA buyback displays a company's optimism in future. It indicates the company's shares are under-valued. Buybacks are also more tax-efficient than dividends. They also help put a floor under the share price.\n\n<\/body>","next_sibling":[{"msid":57252651,"title":"DoT organizes awareness programme on EMF radiations in Jorhat","entity_type":"ARTICLE","link":"\/news\/dot-organizes-awareness-programme-on-emf-radiations-in-jorhat\/57252651","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57253022,"entity_type":"ARTICLE","title":"Infosys to come under big pressure after TCS share buyback","synopsis":"Infosys had liquid assets, including cash and cash equivalents and investments, worth Rs 35,697 crore on its books at the end of December 2016.","titleseo":"telecomnews\/infosys-to-come-under-big-pressure-after-tcs-share-buyback","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Online","artdate":"2017-02-20 16:50:27","lastupd":"2017-02-20 16:53:46","breadcrumbTags":["Infosys","Cognizant","Tata Consultancy Services","Mohandas Pai","Vishal Sikka","Enterprise IT","Tata Consultancy"],"secinfo":{"seolocation":"telecomnews\/infosys-to-come-under-big-pressure-after-tcs-share-buyback"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-02-20" data-index="article_1">
塔塔咨询服务公司(TCS)宣布5.6卢比的股票的回购至多16000卢比肯定会施压印孚瑟斯也去回购。
最近,有猜测印孚瑟斯计划12000卢比回购股份公司否认。
印孚瑟斯的流动资产,包括现金和现金等价物和投资,价值35697卢比(约52.5亿美元)在其书在2016年12月底。
印孚瑟斯的前首席财务官T V莫汉达斯·拜和前同事V·寻求18亿美元回购2014年担任CEOVishal Sikka被接管。
指印孚瑟斯的闲置现金,Balakrishnan最近似乎表示,印孚瑟斯已成为“金融公司”,而不是一个公司。
Pai也鼓励机构投资者质疑巨额现金在公司的书。
最近,认识到也宣布了一项34亿美元的回购计划。
主要原因呼吁回购的IT公司,这些公司最近只有个位数的增长,导致较低的股东回报。股东可以通过其他方式来获得,比如回购。
印度IT公司的现金是空转时进行并购和投资的增长。
回购显示一个公司在未来的乐观。它表明公司的股价被低估。回购节税也比股息。他们还帮助支撑股价。
最近,有猜测印孚瑟斯计划12000卢比回购股份公司否认。
印孚瑟斯的流动资产,包括现金和现金等价物和投资,价值35697卢比(约52.5亿美元)在其书在2016年12月底。
印孚瑟斯的前首席财务官T V莫汉达斯·拜和前同事V·寻求18亿美元回购2014年担任CEOVishal Sikka被接管。
指印孚瑟斯的闲置现金,Balakrishnan最近似乎表示,印孚瑟斯已成为“金融公司”,而不是一个公司。
Pai也鼓励机构投资者质疑巨额现金在公司的书。
最近,认识到也宣布了一项34亿美元的回购计划。
主要原因呼吁回购的IT公司,这些公司最近只有个位数的增长,导致较低的股东回报。股东可以通过其他方式来获得,比如回购。
印度IT公司的现金是空转时进行并购和投资的增长。
回购显示一个公司在未来的乐观。它表明公司的股价被低估。回购节税也比股息。他们还帮助支撑股价。
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