Nifty
Option Tips : On Tuesday, India's second largest software
services firm Infosys disclosed a 4.9 % increase in its combined
profit at Rs 3,030 Cr. for the April-June quarter. Infosys had
reported a net profit of Rs 2,886 Cr. in the year-ago period, it said
in a BSE filing.
Infosys, which provides IT services to clients
like Volkswagen AG, Apple Inc and Wal-mart Stores Inc, saw its
revenue surging to 12. 4 % to Rs 14,354 Cr. in the quarter ending
June. The company's stock jumped 6.62 % to Rs 1,068.25 a share in the
morning trade after the company published the results in line with
the street's estimates.
For whole 2015-16, the country's 2nd largest
software services firm predicts revenue to grow 7.2-9.2 % in USD
terms, and 11.5-13.5 % in rupee terms. In May Vishal Sikka, Infosys
CEO had expressed confidence of becoming a $20 billion by 2020,
besides meeting the 10-12% revenue guidance for 2015-16.
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