Expert views on Infosys Q2 results
Infosys, India's No.2 software services exporter, reported a 24 percent rise in quarterly profit, meeting expectations, due to higher demand for its outsourcing services by Western clients looking to cut costs.
October 12, 2012 / 09:40 IST
Infosys, India's No.2 software services exporter, reported a 24 percent rise in quarterly profit, meeting expectations, due to higher demand for its outsourcing services by Western clients looking to cut costs.
Profit at Infosys, whose clients include Bank of America, Volkswagen and GlaxoSmithkline, rose to Rs 2,370 crore for the quarter ended September, from Rs 1,906 crore a year earlier.Also Read: Infosys' Q2 nos may not impact Nifty much: Anil ManghnaniAnalysts were expecting a profit of Rs 2,380 crore, according to Thomson Reuters data.COMMENTARYRK GUPTA, MANAGING DIRECTOR, TAURUS ASSET MANAGEMENT CO., NEW DELHI"Having maintaining their revenue guidance is itself a big achievement for Infosys looking at the global scenario."I think the hard work is over for Infosys, since the US economy is showing signs of improvement and a lot of changes are happening within Infosys itself." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
