Infosys gains after Q1 results

Infosys rose 2.49% to Rs 3,375.05 at 9:21 IST on BSE after consolidated net profit fell 3.5% to Rs 2886 crore on 0.8% decline in revenue to Rs 12770 crore in Q1 June 2014 over Q4 March 2014.

The result was announced before market hours today, 11 July 2014.

Meanwhile, the S&P BSE Sensex was up 16.85 points or 0.07% at 25,399.10.

On BSE, so far 38,368 shares were traded in the counter.

The stock hit a high of Rs 3,429.35 and a low of Rs 3,360 so far during the day.

Infosys and its subsidiaries added 61 clients during Q1 June 2014.

We continue to enjoy the confidence of our clients by demonstrating superior execution capability and value realization. said S D Shibulal, CEO and Managing Director. As I transition the CEO mantle to Vishal, I am confident that he will leverage this strong foundation to take Infosys to greater heights. I wish him the very best."

Infosys expects consolidated revenues as per IFRS to grow 5.6%-7.6% for the fiscal year ending 31 March 2015 based on conversion of 1 US$ to Rs 60.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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