UPDATE: Infosys Posts Upbeat Q3 Profit, Lifts Revenue Forecast
Infosys (NASDAQ: INFY) reported upbeat third-quarter profit and lifted its revenue outlook.
For the year ending March 31, Infosys lifted its sales view to at least $7.45 billion.
Infosys' quarterly profit came in at 23.69 billion rupees ($434 million), versus 23.7 billion rupees, in the year-ago period. However, analysts were expecting a profit of 21 billion rupees.
Its revenue climbed 12% to 104.24 billion rupees from 93 billion, versus analysts' estimates of 96.8 billion rupees.
Infosys shares closed at $43.95 yesterday.
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