INSUBCONTINENT EXCLUSIVE:
Infosys share price today: Infosys' revenue from operations rose 1.23% to Rs
21,803 crore.Shares of Infosys surged as much as 5.77 per cent, on the National Stock Exchange, to hit intraday high of Rs 768.70 after its
earnings surpassed average earnings estimates compiled by Reuters in April-June quarter and raised revenue growth guidance for the current
(: Infosys Beats Estimates In June Quarter With Rs
3,802 Crore Profit)Infosys, the country's second largest software services company on Friday reported net profit of Rs
3,802 crore for the quarter ended June 30
That marked a decline of 6.76 per cent compared to the previous quarter, but beat analysts' estimates compiled by Reuters
Analysts on an average expected the Bengaluru-based IT company to report a net profit of Rs
3,705 crore in the first quarter of financial year 2019-20.Infosys' revenue from operations rose 1.23 per cent to Rs
21,803 crore in April-June period, as against Rs
21,539 crore in the previous quarter
Infosys guided for a revenue growth in the range of 8.5-10 per cent for financial year ending March 31, 2020 in constant currency terms,
from 7.5-9.5 per cent.In dollar terms, its revenue grew 2.3 per cent to $3,131 million
In terms of constant currency, the revenue grew 2.8 per cent on a sequential basis, said Infosys.In the first quarter of the financial year
2019-20, the company's digital revenue, which comprises 35.7 per cent of total revenue, came in at $1,119 million in constant currency
terms, marking a growth of 41.9 per cent compared to the corresponding period a year ago.The company's operating profit or EBIT (earnings
before interest and taxes) came in at $642 million, and operating profit margin stood at 20.5 per cent
The company maintained its financial year 2019-20 operating margin guidance at 21-23 per cent.As of 10:26 am, Infosys shares traded 5.65 per
cent higher at Rs 768.15, outperforming the Sensex which was up 0.33 per cent.Get Breaking news, live coverage, and Latest News from India
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