Infosys: Fiscal Q4 Earnings Snapshot
BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Wednesday reported fiscal fourth-quarter profit of $697 million.
On a per-share basis, the Bangalore, India-based company said it had net income of 16 cents.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.
The business consulting services provider posted revenue of $3.61 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.56 billion.
For the year, the company reported profit of $2.61 billion, or 61 cents per share. Revenue was reported as $13.56 billion.
Infosys shares have climbed almost 9% since the beginning of the year. The stock has more than doubled in the last 12 months.