Market Overview

UPDATE: Infosys Posts Rise In Profit

Share:
Related INFY
Cantor Reviews Infosys' Yearly Guidance, Cuts Price Target
Benzinga's Top Downgrades

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.

Posted-In: profitEarnings News

 

Related Articles (INFY)

View Comments and Join the Discussion!