UPDATE: Infosys Posts Rise In Profit
India's software services exporter Infosys (NASDAQ: INFY) reported a weaker-than-expected second-quarter profit.
Infosys posted a quarterly consolidated net profit of 24.07 billion rupees ($391 million), up from 23.69 billion rupees, in the year-ago period. However, analysts were expecting a profit of 26.26 billion rupees.
Its consolidated revenue surged around 32% to 129.65 billion rupees.
Infosys shares gained 5.37% to $52.98 in pre-market trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.