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.