Market Overview

UPDATE: Infosys Posts Rise In Profit

Related INFY
Benzinga's Option Alert Recap From February 15
Trump's Executive Order On Entry: Which Countries Will Be Next?

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!