Infosys: Fiscal 3Q Earnings Snapshot

January 10, 2020 GMT

BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Friday reported fiscal third-quarter profit of $626 million.

On a per-share basis, the Bangalore, India-based company said it had profit of 15 cents.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The business consulting services provider posted revenue of $3.24 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $3.25 billion.

Infosys shares have increased 1.5% since the beginning of the year. The stock has climbed 6% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFY at https://www.zacks.com/ap/INFY