AP NEWS

Infosys: Fiscal 2Q Earnings Snapshot

October 11, 2019 GMT

BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Friday reported fiscal second-quarter net income of $569 million.

The Bangalore, India-based company said it had profit of 13 cents per share.

The results missed 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 $3.21 billion in the period, exceeding Street forecasts. Eight analysts surveyed by Zacks expected $3.2 billion.

Infosys shares have climbed 18% since the beginning of the year. The stock has increased 15% in the last 12 months.

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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