Infosys Posts Higher Profit

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India's Infosys
INFY
posted a 25% gain in its latest-quarter profit. Infosys' quarterly net profit surged around 25% to 29.92 billion rupees ($497 million), versus a year-ago profit of 23.94 billion rupees. However, analysts were expecting a profit of 28.63 billion rupees. Its sales climbed 23.2% to 128.75 billion rupees. Infosys shares closed at $55.58 yesterday.
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Posted In: EarningsNewsprofit
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