Market Overview

UPDATE: Infosys Posts Upbeat Q3 Profit, Lifts Revenue Forecast

Related INFY
Infosys to Acquire Noah Consulting for $70M
US Stock Futures Flat Ahead Of Fed Speakers
Richard Pzena's Undervalued Stocks Trading With Low P/Es (GuruFocus)

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.

Posted-In: profitEarnings News Guidance


Related Articles (INFY)

Get Benzinga's Newsletters