Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Infosys Stock Popped Today

TheMotleyFool

0 0

Shares of Infosys (NYSE: INFY) have popped today, up by 12% as of noon EDT, after the company reported fiscal first-quarter earnings results. The outsourcing specialist beat expectations for both the top and bottom lines and operating margin expanded.

Revenue in the fiscal first quarter came in at $3.1 billion, ahead of Wall Street's forecast of $2.94 billion in sales. That translated into earnings per share of $0.13, also topping the consensus estimate of $0.12 per share. The technology outsourcing company also said its operating margin expanded by 220 basis points. Voluntary attrition for IT services declined to 12%.

Image source: Infosys.

Source Fool.com

Like: 0

INFY

Share