Infosys shares gain 2 percent after net profit beats estimates
MUMBAI (Reuters) - Shares in Infosys Ltd , India's second-largest software services exporter, rose as much as 2.2 percent after the company posted a 21 percent rise in quarterly net profit, beating analysts' estimates.
Infosys, whose customers include Bank of America Corp and BT Group Plc , said profit for the three months ended December 31 was 28.75 billion rupees, compared with the average estimate of 27.15 billion rupees by 21 analysts, according to Thomson Reuters I/B/E/S.
Infosys shares rose 1.2 percent to 3,490 rupees, after hitting a high of 3,528 rupees. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)