Friday, 11 October 2013

Infosys Q2 net up 1.6%

Infosys has once again brought cheer to the markets, by announcing better-than-expected Q2 numbers.

Moreover, the company has revised the lower end of the FY14 guidance to 9 per cent growth as against 6 per cent projected earlier at the end of the April quarter.

As a result of which, the stock zoomed to a high of Rs 3,320 in the opening deals. The stock now trades at Rs 3,278, up 5 per cent. The counter has seen trades of around 401,000 shares so far on the BSE.

The company consolidated September quarter net profit grew by 1.6 per cent to Rs 2,407 crore as against Rs 2,369 crore in the corresponding quarter a year ago.

Total income also jumped by 27 per cent to Rs 13,475 crore from Rs 10,564 crore.

Further, the company has announced an interim dividend of Rs 20 per share.

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