 "Infosys beats estimates, Q2 net profit rises 10.3% to Rs 41 billion")
In a seasonally strong quarter, the country's second-largest information technology (IT) services player, Infosys, demonstrated an improved performance. It met Street expectations on most counts, backed by large deal wins and broad-based growth in key verticals such as banking, financial services and insurance (BFSI), and retail.
However, the Bengaluru-headquartered firm continued to show restraints by not revising its revenue and margin outlook upward.
The company's revenues and net profit came slightly ahead of analysts' expectations. A consensus estimate of 23 analysts surveyed by Bloomberg had pegged the net profit at Rs 40.48 billion ($548.39 million) on revenues of Rs 203.18 billion
