You are here: Home » Reuters » News
Business Standard

Infosys Q2 net profit up 6 percent on new client wins, beats estimates

Reuters  |  MUMBAI 

(Reuters) - Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.

Consolidated net profit was 36.06 billion rupees ($542 million) for the fiscal second quarter ended Sept. 30, up from 33.98 billion rupees a year earlier, the company said in a statement.

Analysts had, on average, expected a net profit of 35.26 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 66.5919 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Kenneth Maxwell)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Infosys Q2 net profit up 6 percent on new client wins, beats estimates

MUMBAI (Reuters) - Infosys Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.

(Reuters) - Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.

Consolidated net profit was 36.06 billion rupees ($542 million) for the fiscal second quarter ended Sept. 30, up from 33.98 billion rupees a year earlier, the company said in a statement.

Analysts had, on average, expected a net profit of 35.26 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 66.5919 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Kenneth Maxwell)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Infosys Q2 net profit up 6 percent on new client wins, beats estimates

(Reuters) - Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.

Consolidated net profit was 36.06 billion rupees ($542 million) for the fiscal second quarter ended Sept. 30, up from 33.98 billion rupees a year earlier, the company said in a statement.

Analysts had, on average, expected a net profit of 35.26 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 66.5919 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Kenneth Maxwell)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard