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Infosys shares gain on the back of Q4 numbers

Infosys Ltd net profit jump 25% y-o-y to Rs 2,992 crore as against Bloomberg consensus estimates of Rs 2,800 crore.

a href=”https://www.financialexpress.com/stocks.php?EXCHNG=NSE&cocode=2806″ target=”_blank”>Infosys shares gained more than 4% intraday after the company reported better-than-expected earnings for quarter ended March.

The IT major saw its net profit jump 25% y-o-y to Rs 2,992 crore as against Bloomberg consensus estimates of Rs 2,800 crore.

Apart from this, the Bangalore-based company gave strong dollar revenue guidance. Revenue in the 12 months starting April 1 will grow 7-9%, Infosys said in a statement. Bloomberg estimates revenues to grow 6-8.3%.

The scrip was trading 1.58% higher at Rs 3,288.95 on the BSE Sensex at 10.45 am.

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First published on: 15-04-2014 at 11:25 IST
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