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Infosys is staring down a negative trend heading into earnings

4 months ago by Jon Marino in

Indian IT consulting firm Infosys ($NYSE:INFY) has seen shares rise this year and in the long run. The stock is closing in on all-time highs while market watchers are keeping an eye on the exodus of work from China heading to other countries in the wake of its trade war with the U.S. 

Analysts tracked by Zacks Investment Research expect EPS of $0.13 when the company reports earnings Friday, July 12, which is more or less in line with prior quarters. 

So why is Infosys slashing open positions? Getting to the bottom of this issue - which could stand in the way of the company's growth ambitions - may be a critical part of its earnings report Thursday. Shares are up more than 8% this year, which trails the pace of the S&P 500 so far for 2019 - and, according to our data tracking Infosys job postings, it has cut openings 43% from the peak over that timeframe. 

Figuring out this data trend will be key to understanding future growth plans - or, a lack thereof. One chart isn't enough to derive a prediction from, so getting a sense of what drove repeated cuts in job postings will be critical. Analysts are already on to rising attrition at Infosys, which leadership addressed after last quarter. 

"Attrition has marginally gone up from 17.8% to 18.8% on a stand-alone basis," Pravin Rao, Infosys' COO said, in response to an analyst question about rising attrition on its April earnings conference call. 

About the Data: 

Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

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Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

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