Infosys Reports Impressive Profits, Stock Rose

India’s IT major, Infosys Limited announced Q1FY20 earning outcome post market hours, on Friday, 12-July, 2019.

Delivering good set of numbers for the quarter, the Company reported its a net profit growth  Rs.3,802-crore for the quarter ended 30-June, while  revenue for growth nearly 14pc year-on-year Rs.21803-Cr.

The Company increased its revenue growth guidance to 8.5pc to 10pc for the current FY from 7.5pc to 9.5pc, the IT major said in its filing.

Ahead of the announcement of its quarterly result, the Infosys stock traded in the positive territory on Friday. The stock which opened at Rs722.50-per share ended at Rs.730.05, up by 1.19pc on NSE, whose benchmark index Nifty finished down at 11,552.50 down by 0.26pc.