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Infosys Pares Early Losses; Trades Higher By 4% After Q2 Results.

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Shares of Infosys in early-trade opened weak despite the company's second quarter earnings came in line with the street expectations. The stock opened weak by over 2%.

The company's net profit for the quarter ended September came in lower by 2.2% to Rs. 4037 crore. The company's revenue however surged 9.8% on the back of huge orders worth $2/8 billion.

Infosys Pares Early Losses; Trades Higher By 4% After Q2 Results.

 

The company also upped its reveue guidance for the year due to a sharp surge in demand for its digital servicws. For the year ending March 2020, the company expects revenue to increase between 9-10% as against the forecast of 8.5-10% made in the previous quarter.

Last, the stock of Infosys was trading higher by 4.19% at Rs. 815.70.

GoodReturns.in

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