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4 Reasons Why Infosys Stock Rose 4% After Q3 Numbers

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The Bengaluru-based software and IT major Infosys, reported the third quarter better-than-expected set of numbers following which stock rose more than 4 per cent.

Here are 4 reasons why the stock rose 4 per cent in trade today.

4 Reasons Why Infosys Stock Rose 4% After Q3 Numbers
Infosys: Quotes, News
BSE 709.20BSE Quote0 (0.00%)
NSE 709.75NSE Quote0.45 (0.06%)
 

1) Revenue Guidance

The company revised its current fiscal constant currency revenue guidance upwards to 12.8-13.2 per cent. It had, in October 2015, forecast a revenue growth of 10-12 per cent in constant currency.

2) Net profit

The company's net profit was higher 2 per cent from Rs 3,398 crore in July-September 2015 quarter, while revenues grew 1.7 per cent from Rs 15,635 crore in the second quarter of FY 2015-16.

3) Dollar terms

Infosys posted 0.4 per cent jump in net profit to USD 524 million, while revenue was up 8.5 per cent to USD 2.4 billion in the third quarter.

4) Earnings before interest and tax

Earnings before interest and tax (EBIT) has increased 15.8 per cent on a Q-o-Q basis to Rs 3,993 crore, an improvement of 153 basis points to 25.53 per cent

Alongside grassroots innovation, we continue to see growing adoption of our Aikido services, bringing the power of intelligent systems, automation and software to amplify the skills and imaginations of our people," Infosys CEO and Managing Director Vishal Sikka said.

Shares of the company were seen trading at Rs 1,1133 higher by 4.77 per cent on BSE at 11.56 am IST. It touched an intra-day high of Rs 1,139 during the trade.

With PTI inputs

Read more about: infosys
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