Infosys Reports Higher Q1 Earnings; Meets View

Infosys Limited (INFY) on Wednesday reported net profit of $704 million or $0.17 per share in the first quarter, up from $558 million or $0.13 per share in the same quarter a year ago, particularly helped by higher revenues at Financial Services and Retail business segments.

On average seven analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 21.2% to $3.782 billion from $3.121 billion last year. The consensus estimate was for $3.69 billion.

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