Best stocks under $20 of July 2024

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Infosys is an Indian company that provides several information technology consulting services around the world, including consulting, engineering, technology and outsourcing. It also provides software solutions for the banking industry.

Infosys may not put up impressive growth numbers or have as much upside as many other tech stocks trading under $20, but the company is consistently profitable and has a leading position in the massive global digital services and consulting markets.

In the most recent quarter, Infosys reported 0.22% year-over-year revenue growth, $959 million in net profit and 28.66% operating margins. The company also reported a record $7.7 billion in large and mega-deal total contract volume in the fourth quarter of 2023, suggesting it is scoring large, impressive customers.

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