Week that was: Mkt consolidates as earnings season sets in
Sat, Oct 13, 2012 at 12:34
Earnings season kicks in: As the earnings season kicks in, India’s largest software services exporter, Infosys met expectations and reported a net profit of Rs 2,369 crore in July-September quarter, up 24% year-on-year (3.5% quarter-on-quarter), while quarterly revenue rose 21% from a year ago (2.5% sequentially) to Rs 9,858 crore. However, a deeper cut in earnings per share guidance for the full year disappointed the street. Private sector lenders IndusInd Bank and HDFC Bank too registered good numbers in Q2.