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Infosys quarterly profit beats expectations amid large deals

India's second-biggest software exporter sticks to growth forecast

MUMBAI (NewsRise) -- Infosys, India's second-largest software exporter, reported a better-than-expected 10% rise in second-quarter profit and maintained its growth forecast for this fiscal year amid rising investments in new digital technologies and large deal wins.

For the quarter ended in September, Infosys' profit stood at 41.10 billion rupees ($558 million), compared with 37.26 billion rupees a year earlier, the company said in a statement on Tuesday. Analysts were expecting Infosys to report a net profit of 40.51 billion rupees, according to data from Refinitiv. Revenue grew more than 17% to 206.09 billion rupees.

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