Infosys posts surprise 3.3 per cent rise in Q2 profit
Infosys posts surprise 3.3 percent rise in Q2 profit
Profit rose to Rs 3,726 crore in the three months ended September?30, from?Rs 3,483 crore in the June quarter.?
Infosys Ltd, India's second-biggest software services exporter, reported a surprise 3.3 per cent rise in second-quarter profit, beating analysts' estimates.
Profit rose to Rs 3,726 crore($573.03 million) in the three months ended September30, fromRs 3,483 crore in the June quarter.
Analysts on average had expected a net profit of 35.23 billion rupees, according to Thomson Reuters data.
Revenue from operations rose 1.5 per cent to 175.67 billion rupees.
The results are the first since Vishal Sikka quit Infosys as CEO in August after a lengthy feud between the board and the company founders that also led to a reorganisation of the board. Nandan Nilekani, a co-founder and a former CEO, was named chairman with the company continuing to search for a new CEO.