India's second largest IT services exporter Infosys' consolidated net profit rose 19.4 percent, higher-than-expected, quarter-on-quarter to Rs 2,875 crore in the quarter ended December 2013.
Sundeep Muthangi of IIFL cautions that IT sector on the whole may see weak earnings performance. However he expects Tata Consultancy Services (TCS) and HCL Technologies to outperform its peers in terms of revenue growth.