Infosys Q1 Net Profit Increases 3.7%

Infosys

reported a 3.7% rise in its Q1 net profit. Infosys's quarterly consolidated net profit surged to 23.74 billion rupees, versus 22.89 billion rupees, in the year-earlier quarter. However, analysts were expecting a profit of 23.3 billion rupees. Infosys shares closed at $44.04 yesterday.