UPDATE: Infosys Posts Rise In Profit

India's software services exporter Infosys

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.