Infosys: Fiscal 1Q Earnings Snapshot
BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Friday reported fiscal first-quarter earnings of $546 million.
The Bangalore, India-based company said it had net income of 13 cents per share.
The results matched Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.
The business consulting services provider posted revenue of $3.13 billion in the period, beating Street forecasts. Nine analysts surveyed by Zacks expected $3.1 billion.
Infosys shares have risen 12% since the beginning of the year. The stock has risen slightly more than 8% in the last 12 months.