UPDATE: Infosys Q2 Net Profit Surges 24%

Infosys Ltd

reported a 24% surge in its second-quarter profit. Infosys' quarterly profit surged to 23.7 billion rupees ($450 million), from 19.06 billion rupees, in the year-ago period. However, analysts were projecting a profit of 23.8 billion rupees. Its consolidated revenue climbed around 22% to INR98.58 billion, versus INR80.99 billion, in the year-ago period. Infosys shares closed at $48.22 yesterday.