Infosys shares gain on Q4 earnings optimism

In January, Infosys had unexpectedly raised its sales forecast for the year ending March 31 to at least $7.45 bn

Shares in Infosys Ltd end up 1.9% on optimism about its January-March quarter earnings due on April 12, dealers say.

In January, Infosys had unexpectedly raised its sales forecast for the year ending March 31 to at least $7.45 billion, including $104 million in additional revenue following its acquisition of Switzerland-based consultancy Lodestone Holdings on September 10, 2012.

However, other technology shares fall, with Tata Consultancy Services Ltd down 1.1%, after Accenture Plc reduced its revenue growth forecast on Thursday, as its consulting business continued to be hurt by a slowdown in corporate discretionary spending.